By Wendy Van Sickle
Columbus, Ohio, Feb. 9 – JPMorgan Chase Financial Co. LLC priced $2.52 million of 6.25% autocallable yield notes due Aug. 8, 2019 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable quarterly.
The notes will be called at par if each asset closes at or above its initial level on any quarterly observation date.
If the notes are not called, the payout at maturity will be par unless either asset finishes below its initial level and either asset closes below its 65% trigger level during the life of the notes, in which case investors will be fully exposed to the loss of the lesser performing asset.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable yield notes
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| Underlying assets: | Euro Stoxx 50, iShares MSCI EAFE ETF
|
| Amount: | $2,516,000
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| Maturity: | Aug. 8, 2019
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| Coupon: | 6.25% per year, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless either asset finishes below its initial level and either closes below its 65% trigger level during the life of the notes, in which case 1% loss for each 1% decline of the worst-performing asset
|
| Call option: | At par if each index closes at or above its initial level on any quarterly observation date after six months
|
| Initial levels: | 3,478.77 for Stoxx, $69.51 for ETF
|
| Buffer levels: | 2,216.2005 for index and $45.1815 for fund, 65% of initial levels
|
| Pricing date: | Feb. 5
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| Settlement date: | Feb. 8
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.725%
|
| Cusip: | 48129H4K0
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