By Susanna Moon
Chicago, Sept. 28 – JPMorgan Chase Financial Co. LLC priced $5.98 million of callable contingent interest notes due Sept. 30, 2019 linked to least performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent semiannual coupon at an annual rate of 9% if each index closes at or above its coupon barrier level, 70% of its initial level, on the review date for that period.
The notes will be callable at par plus the contingent coupon on any review date other than the final date.
The payout at maturity will be par unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
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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| Underlyings: | Euro Stoxx 50 and Russell 2000
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| Amount: | $5,978,000
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| Maturity: | Sept. 30, 2019
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| Coupon: | 9% annualized, payable semiannually if each index closes at or above 70% barrier on review date for that period
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| Price: | Par
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| Payout at maturity: | Par unless either index finishes below trigger level, in which case full exposure to any losses of the worse performing index
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| Call option: | At par plus contingent coupon on any review date other than final date
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| Initial levels: | 3,032.31 for Stoxx, 1,254.623 for Russell
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| Trigger levels: | 2,122.617 for Stoxx, 878.2361 for Russell; 70% of initial levels
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| Pricing date: | Sept. 23
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| Settlement date: | Sept. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.15%
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| Cusip: | 46646EF64
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