By Angela McDaniels
Tacoma, Wash., July 1 – JPMorgan Chase Financial Co. LLC priced $519,000 of autocallable contingent interest notes due June 30, 2021 linked to the lesser performing of the Nasdaq-100 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Each month, the notes will pay a contingent coupon at the rate of 8% per year if each underlying closes at or above its buffer threshold, 85% of its initial level, on the review date for that month.
The notes will be automatically called at par plus the contingent coupon if each underlying closes at or above its initial level on any review date other than the first, second and final review dates.
If the notes have not been called, the payout at maturity will be par unless either underlying finishes below its buffer threshold, in which case investors will lose 1% for every 1% that the lesser-performing underlying declines beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlyings: | Nasdaq-100 index and iShares MSCI Emerging Markets ETF
|
| Amount: | $519,000
|
| Maturity: | June 30, 2021
|
| Coupon: | 8% per year, payable monthly if each underlying closes at or above buffer threshold on review date for that month
|
| Price: | Par
|
| Payout at maturity: | Par unless either underlying finishes below buffer threshold, in which case 1% loss for every 1% that lesser-performing underlying declines beyond 15%
|
| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly review date other than first, second and final ones
|
| Initial levels: | 7,591.536 for index and $42.27 for ETF
|
| Buffer thresholds: | 6,452.8056 for index and $35.9295 for ETF, or 85% of initial levels
|
| Pricing date: | June 25
|
| Settlement date: | June 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.45886%
|
| Cusip: | 48132CTH6
|
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