By Marisa Wong
Morgantown, W.Va., Aug. 5 – JPMorgan Chase Financial Co. LLC priced $3.31 million of buffered autocallable securities due Aug. 3, 2021 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.
The notes will be called at par plus an annualized call return of 6.5% if the index closes at or above its initial level on any annual observation date.
The payout at maturity will be par if index falls by up to 15%.
Otherwise, investors will lose 1% for each 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered autocallable securities
|
| Underlying index: | Russell 2000
|
| Amount: | $3,305,500
|
| Maturity: | Aug. 3, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if index finishes at or above 85% downside threshold level; otherwise, 1% loss for every 1% decline beyond 15%
|
| Call: | At par plus 6.5% per year if index closes at or above initial level on any annual observation date
|
| Initial level: | 1,219.942
|
| Downside threshold: | 1,036.9507, 85% of initial level
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 46646X407
|
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