JPMorgan plans step-up autocallables on S&P Economic Cycle Factor

By Sarah Lizee

Olympia, Wash., Dec. 6 – JPMorgan Chase Financial Co. LLC plans to price 0% step-up autocallable notes due Dec. 26, 2025 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 called at par plus an annualized call premium of at least 8.85% if the index closes at or above its call level on any annual review date.

The call level will be 102.55% of the initial level on the first review date, stepping up by 255 basis points on each subsequent review date.

The payout at maturity will be par plus any index gain. If the index falls, the payout will be par.

J.P. Morgan Securities LLC is the agent.

The notes will price on Dec. 21.

The Cusip number is 48130WEY3.

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