By Wendy Van Sickle
Columbus, Ohio, Oct. 26 – JPMorgan Chase Financial Co. LLC priced $3.16 million of autocallable contingent interest notes due Oct. 26, 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 pay a contingent quarterly coupon at an annual rate of 7.75% if the index closes at or above its coupon barrier, 65% of its initial level, on the observation date for that quarter.
The notes are callable at par on any interest payment date other than the first and final dates.
The payout at maturity will be par unless the index finishes below its trigger level, 75% of its initial level, in which case investors will be fully exposed to any losses.
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 contingent interest notes
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| Underlying index: | Russell 2000
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| Amount: | $3.16 million
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| Maturity: | Oct. 26, 2021
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| Coupon: | 7.75% per year, payable each quarter that index closes at or above coupon barrier on applicable quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the index finishes below trigger level, in which case investors will be fully exposed to any losses
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| Call: | At par on any interest payment date other than the first and final dates
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| Initial level: | 1,218.096
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| Coupon barrier/trigger level: | 791.7624, 65% of initial level
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| Pricing date: | Oct. 21
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| Settlement date: | Oct. 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 46646ET93
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