By Wendy Van Sickle
Columbus, Ohio, Aug. 26 – JPMorgan Chase Financial Co. LLC priced $620,000 of 8% autocallable yield notes due Feb. 20, 2019 linked to the S&P GSCI Crude Oil Index - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The notes will be called at par if the index closes at or above its initial level on any review date other than the final one.
The payout at maturity will be par unless the index finishes below its trigger level, 60% of its initial level, in which case investors will be fully exposed to the index’s decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable yield notes
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| Underlying index: | S&P GSCI Crude Oil Index - Excess Return
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| Amount: | $620,000
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| Maturity: | Feb. 20, 2019
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| Coupon: | 8% per year, payable monthly
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| Price: | Par of $1,000
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| Payout at maturity: | Par unless index finishes below trigger level, in which case full exposure to any losses
|
| Call: | At par if index closes at or above initial level on any review date other than the final one
|
| Initial share price: | 158.8917
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| Trigger level: | 95.33502, 60% of initial price
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| Pricing date: | Aug. 24
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| Settlement date: | Aug. 29
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.65%
|
| Cusip: | 46646EVZ2
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