By Wendy Van Sickle
Columbus, Ohio, April 9 – JPMorgan Chase Financial Co. LLC priced $523,000 of step-up autocallable contingent buffered return enhanced notes due March 31, 2023 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, 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 $1,000 plus an 12% annual call premium if each asset closes at or above its call level on an annual review date other than the final date. The call level will be 102% of the initial level on the first review date and will step up by 2% per year to 108% on the fourth review date.
The payout at maturity will be par plus 1.5 times any gain of the lesser-performing asset.
Investors will receive par if either asset falls by up to 50% and will otherwise lose 1% for each 1% decline of the lesser-performing asset.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Issue: | Step-up autocallable contingent buffered return enhanced notes
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| Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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| Amount: | $523,000
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| Maturity: | March 31, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any gain of the lesser-performing asset; par if either asset falls by up to 50%, otherwise 1% loss for each 1% decline of lesser-performing asset
|
| Call: | Automatically called at par plus call premium of 12% per year if each asset closes at or above its call level on an annual review date other than final date; call level will be 102% of initial level on first review date and will step up by 2% per year to 108% on fourth review date
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| Initial values: | 3,278.72 for Stoxx, $69.16 for ETF
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| Pricing date: | March 26
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| Settlement date: | March 29
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.81979%
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| Cusip: | 48129MBB1
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