By Wendy Van Sickle
Columbus, Ohio, June 15 – JPMorgan Chase Financial Co. LLC priced $524,000 of 0% step-up autocallable notes due May 8, 2031 linked to the J.P. Morgan Balanced Value Dividends 5 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 a 4.5% annualized premium if the index closes above its call value on any annual review date after two years. The call level starts at 106% of the initial level and rises by 3% each year.
If the index finishes above its initial level, the payout at maturity will be par plus any index gain with a minimum payout of par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Step-up autocallable notes
|
| Underlying index: | J.P. Morgan Balanced Value Dividends 5 index
|
| Amount: | $524,000
|
| Maturity: | May 8, 2031
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | Par plus 4.5% annualized premium if index closes above call level on any annual review date after two years
|
| Payout at maturity: | Par plus any index gain; minimum of par
|
| Initial level: | 222.11
|
| Call level: | Starts at 106% of initial level and steps up by 3% a year
|
| Pricing date: | May 5
|
| Settlement date: | May 10
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.65%
|
| Cusip: | 48132T2K1
|
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