By Susanna Moon
Chicago, March 3 – JPMorgan Chase & Co. priced $5.6 million of 0% autocallable notes due March 3, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 9.5% if the index closes at or above its initial level on any determination date other than the final date.
The payout at maturity will be par unless the index finishes below the 75% downside threshold level, in which case investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Autocallable notes
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Underlying index: | Euro Stoxx 50
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Amount: | $5.6 million
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Maturity: | March 3, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par unless index finishes below downside threshold, in which case full exposure to any losses
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Call: | At par plus 9.5% annualized if index closes at or above initial level on any quarterly determination date other than the final date
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Initial level: | 2,996.39
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Downside threshold: | 2,247.2925, 75% of initial level
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Pricing date: | Feb. 29
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Settlement date: | March
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.5%
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Cusip: | 48128B507
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