By Angela McDaniels
Tacoma, Wash., July 26 – JPMorgan Chase Financial Co. LLC priced $5 million of 0% step down trigger autocallable notes due July 26, 2022 linked to the lesser performing of the Nasdaq-100 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 of $10 plus 10.25% per year if each index closes at or above its call threshold level on any annual observation date. For each index, the call threshold level will be equal to the initial index level for the first 16 observation dates and 70% of the initial index level for the final observation date, July 21, 2022.
If the notes are not subject to an automatic call, that means the final level of at least one index will be less than its downside threshold, 70% of its initial level, and investors will be exposed to the decline of the lesser-performing index from its initial level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Step down trigger autocallable notes
|
| Underlying indexes: | Nasdaq-100 and Euro Stoxx 50
|
| Amount: | $5 million
|
| Maturity: | July 26, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Full exposure to decline of lesser-performing index from initial level
|
| Call: | At par plus 10.25% per year if each index closes at or above its call threshold level on any annual observation date
|
| Initial index levels: | 5,921.525 for Nasdaq-100 and 3,451.71 for Euro Stoxx 50
|
| Downside thresholds: | 4,145.068 for Nasdaq-100 and 2,416.20 for Euro Stoxx 50; 70% of initial levels
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| Call threshold levels: | Equal to initial index levels for first 16 annual observation dates and equal to downside thresholds for July 21, 2022
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| Pricing date: | July 24
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| Settlement date: | July 26
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | None
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| Cusip: | 48129G273
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