By Wendy Van Sickle
Columbus, Ohio, Oct. 27 – JPMorgan Chase Financial Co. LLC priced $580,000 of autocallable notes due Oct. 30, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an annual call premium of 10% if the index closes at or above its initial level on any of three annual review dates.
The payout at maturity will be par unless the index closes below its 75% trigger level, in which case investors will be fully exposed to the loss.
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 notes
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| Underlying indexes: | Russell 2000
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| Amount: | $580,000
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| Maturity: | Oct. 30, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par unless index finishes below its trigger, in which case exposure to decline
|
| Call option: | At par plus 10% a year if index closes above initial level on an annual review date
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| Initial index level: | 1,216.104
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| Trigger level: | 912.078; 75% of initial level
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| Pricing date: | Oct. 25
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| Settlement date: | Oct. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.25%
|
| Cusip: | 46646ER53
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