By Wendy Van Sickle
Columbus, Ohio, Dec. 23 – JPMorgan Chase Financial Co. LLC sold $5.02 million of 6% autocallable yield notes due June 22, 2022 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest will payable monthly.
The notes will be called at par if each index closes at or above its initial level on any quarterly review date after six months.
The payout at maturity will be par unless either index finishes below its buffer level, 80% of its initial level, in which case investors will lose 1.25% for every 1% that the least-performing index finishes below 80% of its initial level.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Autocallable yield notes
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Underlying indexes: | Russell 2000 and S&P 500
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Amount: | $5.02 million
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Maturity: | June 22, 2022
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Coupon: | 6%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless either index finishes below its buffer level, in which case 1.25% loss for every 1% decline of worse performing index beyond 20%
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Call: | Par if each index closes at or above the initial level on any quarterly review date after six months
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Initial levels: | 1,552.476 for Russell and 3,397.16 for S&P
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Buffer levels: | 1,086.7332 for Russell and 2,378.012 for S&P, 80% of initial levels
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Pricing date: | Dec. 18
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Settlement date: | Dec. 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.12502%
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Cusip: | 48132PY99
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