By Wendy Van Sickle
Columbus, Ohio, March 1 – JPMorgan Chase Financial Co. LLC priced $1.12 million of autocallable contingent interest notes due Feb. 28, 2020 linked to the least performing of the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 6.75% if each underlying component closes at or above its 70% coupon barrier on the review date for that quarter.
The notes will be called at par plus the contingent coupon if each component closes at or above its initial level on any quarterly review date other than the first and final dates.
The payout at maturity will be par unless either component finishes below its initial level and either component closes below its 70% trigger level on any day during the life of the notes, in which case investors will be fully exposed to the decline of the worse performing index or fund.
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.
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| Issue: | Autocallable contingent interest notes
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| Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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| Amount: | $1,119,000
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| Maturity: | Feb. 28, 2020
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| Coupon: | 6.75% annualized, payable quarterly if each component closes at or above 70% coupon barrier on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless either component finishes below initial level and either component has closed below trigger during life of notes, in which case full exposure to decline of worse performing index or fund
|
| Call: | At par plus contingent coupon if each component closes at or above initial level on any quarterly review date other than first and final dates
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| Initial levels: | 3,441.46 for Stoxx and $71.34 for MSCI EAFE fund
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| Barrier levels: | 2,409.022 for Stoxx and $49.938 for MSCI EAFE fund; 70% of initial levels
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 48129H3K1
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