By Sarah Lizee
Olympia, Wash., May 4 – JPMorgan Chase Financial Co. LLC priced $518,000 of 0% step-up autocallable notes due April 30, 2027 linked to the S&P Economic Cycle Factor Rotator 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 an annualized call premium of 7% if the index closes at or above the its call level on any of the six annual call dates beginning on April 27, 2021.
The call level is 106.25% of the initial level initially, stepping up by 6.25% each year to a final call level of 137.5% for the final call date on April 27, 2026.
If the notes are not called and the final index level is greater than the initial index level, the payout at maturity will be par plus the index return.
If the final index level is less than or equal to the initial level, the payout will be par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Step-up autocallable notes
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| Underlying index: | S&P Economic Cycle Factor Rotator
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| Amount: | $518,000
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| Maturity: | April 30, 2027
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If final index level is greater than initial level, par plus the return; otherwise, par
|
| Call: | At par plus annualized call premium of 7% if index closes at or call level on any annual call date beginning on April 27, 2021
|
| Initial index level: | 362.108
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| Call levels: | 106.25% of the initial level initially, stepping up by 6.25% each year to a final call level of 137.5% for the final call date on April 27, 2026
|
| Pricing date: | April 27
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| Settlement date: | April 30
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Fees: | 3.5%
|
| Cusip: | 48132KPY5
|
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