By Susanna Moon
Chicago, March 5 – JPMorgan Chase Financial Co. LLC priced $5 million of callable contingent interest notes due May 21, 2019 linked to the least performing of the Russell 2000 index, S&P 500 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 8.5% if each underlying component closes at or above its 70% coupon barrier on the review date for that quarter.
The notes are callable at par plus the contingent coupon any interest payment date other than the final date.
The payout at maturity will be par unless any component falls by more than 30%, in which case investors will lose 1% for each 1% decline of worst 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Callable contingent interest notes
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| Underlying assets: | Russell 2000 index, S&P 500 index and iShares MSCI EAFE ETF
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| Amount: | $5 million
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| Maturity: | May 21, 2019
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| Coupon: | 8.5% annualized, payable quarterly if each component closes at or above 70% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless any component falls below 70% trigger, in which case 1% loss for each 1% decline of worst performing index or fund
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| Call option: | At par plus contingent coupon on any interest payment date other than the final date
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| Initial levels: | 1,522.096 for Russell, 2,698.63 for S&P and $70.66 for MSCI EAFE fund
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| Barrier levels: | 1,065.4672 for Russell, 1,889.041 for S&P and $49.462 for MSCI EAFE fund; 70% of initial levels
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| Pricing date: | Feb. 14
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| Settlement date: | Feb. 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48129H7K7
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