By Kiku Steinfeld
Chicago, March 7 – JPMorgan Chase Financial Co. LLC priced $1.29 million of 0% autocallable buffered equity notes due Sept. 15, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index closes at or above its initial level on June 13, 2022, the notes will be automatically called at par plus a call premium of 3.75%.
If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus 5%.
If the index falls by up to 20%, the payout will be par. If the index falls by more than 20%, investors will lose 1.25% for every 1% decline beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable buffered equity notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1,285,000
|
| Maturity: | Sept. 15, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is zero or positive, par plus 5%; if index falls by up to 20%, par; if index falls by more than 20%, 1.25% loss for every 1% decline beyond 20%
|
| Call: | If the index closes at or above its initial level on June 13, 2022, automatically at par plus 3.75%
|
| Initial level: | 2,240.784
|
| Buffer: | 80% of initial level
|
| Pricing date: | Sept. 13
|
| Settlement date: | Sept. 20
|
| Agent: | JPMorgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132WQW2
|
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