By Angela McDaniels
Tacoma, Wash., Oct. 30 – JPMorgan Chase Financial Co. LLC priced $957,000 of autocallable contingent interest notes due Oct. 31, 2024 linked to the lesser performing of the Euro Stoxx 50 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Each quarter, the notes will pay a contingent coupon at the rate of 6% per year if each index closes at or above its buffer threshold, 80% of its initial level, on the review date for that quarter.
The notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date other than the first and final review dates.
If the notes have not been called, the payout at maturity will be par unless either index finishes below its buffer threshold, in which case investors will lose 1% for every 1% that the lesser-performing index declines beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying indexes: | Euro Stoxx 50 and MSCI Emerging Markets
|
| Amount: | $957,000
|
| Maturity: | Oct. 31, 2024
|
| Coupon: | 6% per year, payable quarterly if each index closes at or above buffer threshold on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless either index finishes below buffer threshold, in which case 1% loss for every 1% that lesser-performing index declines beyond 20%
|
| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly review date other than first and final ones
|
| Initial index levels: | 3,637.20 for Euro Stoxx 50 and 1,108.17 for MSCI Emerging Markets
|
| Buffer thresholds: | 2,909.76 for Euro Stoxx 50 and 886.536 for MSCI Emerging Markets, or 80% of initial levels
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.5%
|
| Cusip: | 48129HEC7
|
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