By William Gullotti
Buffalo, N.Y., March 19 – JPMorgan Chase Financial Co. LLC priced $1.6 million of 0% autocallable notes due March 13, 2031 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 12.55% annual call premium if the index closes at or above call level on any annual valuation date. Call level starts at 101% of initial level and steps up by 1% per 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: | $1,598,000
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| Maturity: | March 13, 2031
|
| 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 12.55% annual call premium if the index closes at or above call level on any annual valuation date; call level starts at 101% of initial level and steps up by 1% per year
|
| Initial level: | 291.52
|
| Pricing date: | March 8
|
| Settlement date: | March 13
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.125%
|
| Cusip: | 48134WQR1
|
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