By Wendy Van Sickle
Columbus, Ohio, March 1 – JPMorgan Chase Financial Co. LLC priced $1.31 million of 0% autocallable notes due March 1, 2029 linked to the performance of the J.P. Morgan Multi-Asset index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically redeemed at par plus a 7.9722% annualized call premium if the index closes at or above the call level on any annual call date except the final one; the call level starts at 101% of the initial level and rises by 100 basis points each year.
If the notes are not called and the index finishes at or above initial level, the payout at maturity will be par plus the return of the index.
Otherwise, investors receive par.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable notes
|
| Underlying index: | J.P. Morgan Multi-Asset index
|
| Amount: | $1,313,000
|
| Maturity: | March 1, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes positive, par plus return of the index; otherwise, par
|
| Call: | At par plus a 7.9722% annualized call premium if the index closes at or above call level on any annual call date, except the final one; call level starts at 101% of initial level and rises by 100 bps each year
|
| Initial level: | 290.13
|
| Pricing date: | Feb. 26
|
| Settlement date: | Feb. 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.88804%
|
| Cusip: | 48134WAC1
|
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