By Wendy Van Sickle
Columbus, Ohio, April 15 – JPMorgan Chase Financial Co. LLC sold $1 million of 8.5% autocallable yield notes due April 8, 2021 linked to the worse performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest will payable quarterly.
The notes will be called at par if each index closes at or above its initial level on any quarterly review date other than the final one.
The payout at maturity will be par unless either index finishes below its trigger level, 60% of its initial level, in which case investors will lose 1% for every 1% that the least-performing index finishes below its initial level.
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: | Dow Jones industrial average and S&P 500
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| Amount: | $1 million
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| Maturity: | April 8, 2021
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| Coupon: | 8.5%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par unless either index finishes below its trigger level, in which case investors will lose 1% for every 1% that the least-performing index finishes below its initial level
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| Call: | At par if each index closes at or above the initial level on any quarterly review date other than the final one
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| Initial levels: | 20,943.51 for Dow and 2,470.5 for S&P
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| Trigger levels: | 12,566.106 for Dow and 1,482.3 for S&P, 60% of initial levels
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| Pricing date: | April 2
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| Settlement date: | April 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48132KQS7
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