By Devika Patel
Knoxville, Tenn., Jan. 2 – JPMorgan Chase Financial Co. LLC priced $490,000 of 0% autocallable contingent buffered equity notes due Nov. 30, 2023 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 14.25% annual call premium if each index closes at or above its initial level on any annual review date other than the final date beginning on Dec. 3, 2019.
If each index finishes above its initial level, the payout at maturity will be par plus the gain.
If the either index falls but by no more than 50%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent buffered equity notes
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| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $490,000
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| Maturity: | Nov. 30, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above its initial level, par plus gain; if either index falls by up to 50%, par; otherwise, 1% loss for each 1% decline of lesser-performing index from initial level
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| Call: | At par plus 14.25% annual call premium if each index closes at or above initial level on any annual review date other than the final date beginning on Dec. 3, 2019
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| Initial levels: | 3,173.13 for Stoxx and 1,533.266 for Russell
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.76071%
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| Cusip: | 48130UV77
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