By Marisa Wong
Los Angeles, March 17 – JPMorgan Chase Financial Co. LLC amended the upside leverage factor for its 0% autocallable return enhanced notes due March 15, 2024 linked to the lesser performing of the iShares Global Clean Energy exchange-traded fund and the Invesco WilderHill Clean Energy ETF, according to an amended 424B2 filing with the Securities and Exchange Commission.
The upside leverage factor was changed to 2.625 from 2.6175.
JPMorgan priced $15.25 million of the notes on March 12.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus a call premium of 25% if each ETF closes at or above its initial value on March 15, 2022.
If the notes are not called and each ETF finishes above its initial value, the payout at maturity will be par plus 2.625 times the gain in the lesser performing ETF. Otherwise, investors will be fully exposed to the decline in the lesser performing ETF.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable return enhanced notes
|
| Underlying ETFs: | iShares Global Clean Energy ETF and Invesco WilderHill Clean Energy ETF
|
| Amount: | $15.25 million
|
| Maturity: | March 15, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each ETF finishes above its initial value, par plus 2.625 times the gain in the lesser performing ETF; otherwise, full exposure to the decline in the lesser performing ETF
|
| Call: | Automatically at par plus a call premium of 25% if each ETF closes at or above its initial value on March 15, 2022
|
| Initial price: | $25.45 for iShares ETF and $108.12 for Invesco ETF
|
| Pricing date: | March 12
|
| Settlement date: | March 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.75%
|
| Cusip: | 48132TCL8
|
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