By Kiku Steinfeld
Chicago, Oct. 18 – JPMorgan Chase Financial Co. LLC priced $500,000 of step-up autocallable buffered equity notes due Sept. 29, 2026 linked to the lesser performing of the MSCI Emerging Markets index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus a 9.8% annual call premium if each index closes at or above its call level on any annual review date other than the final review date. The call level will be 102% of the initial level on the first review date and will step up by 200 basis points per year to 108% on the fourth review date.
The payout at maturity will be par plus any gain of the lesser-performing index.
Investors will receive par if either index falls by up to 15% and will otherwise lose 1% for each 1% decline of the lesser-performing index beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Issue: | Step-up autocallable buffered equity notes
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| Underlying indexes: | MSCI Emerging Markets index and Euro Stoxx 50 index
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| Amount: | $500,000
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| Maturity: | Sept. 29, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any gain of the lesser-performing index; par if either index falls by up to 15%; otherwise, 1% loss for each 1% decline of lesser-performing index beyond buffer
|
| Call: | Automatically called at par plus call premium of 9.8% per year if each index closes at or above its call level on any annual review date other than final review date; call level will be 102% of the initial level on the first review date and will step up by 200 bps per year to 108% on the fourth review date
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| Initial levels: | 4,158.51 for Stoxx and 1,265.10 for EM
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| Buffer levels: | 85% of initial levels
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| Pricing date: | Sept. 24
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| Settlement date: | Sept. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.75%
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| Cusip: | 48132WVG1
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