JPMorgan plans to price step-up autocalls tied to S&P Economic Cycle

By Sarah Lizee

Olympia, Wash., March 1 – JPMorgan Chase Financial Co. LLC plans to price 0% step-up autocallable notes due March 18, 2026 linked to the S&P Economic Cycle Factor Rotator index, according to a 424B2 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 5% if the index closes at or above its call level on any annual review date other than the final date. The call level will be 101.85% of the initial level on the first review date, stepping up by 185 basis points on each subsequent review date to a final level of 111.1% of the initial level on the final 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 March 13.

The Cusip number is 48130W5D9.

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