By Susanna Moon
Chicago, Jan. 9 – JPMorgan Chase Financial Co. LLC priced $3.75 million of 5.8% autocallable yield notes due July 10, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The notes will be called at par if each index closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless either index falls by more than 20%, in which case investors will lose 1.25% for each 1% decline of the worse performing index beyond 20%.
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: | S&P 500 and Russell 2000
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| Amount: | $3,754,000
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| Maturity: | July 10, 2018
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| Issue price: | Par
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| Coupon: | 5.8% annualized, payable monthly
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| Payout at maturity: | Par unless either index falls by more than 20%, in which case 1.25% loss per 1% decline of worse performing index beyond 20%
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| Call: | At par if each index closes at or above initial level on any review date other than final date
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| Strike levels: | 2,270.75 for S&P and 1,387.954 for Russell, closing levels of index on Jan. 4
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| Barrier levels: | 80% of initial levels
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| Pricing date: | Jan. 5
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| Settlement date: | Jan. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.15%
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| Cusip: | 46646QTR6
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