By Susanna Moon
Chicago, March 28 – JPMorgan Chase Financial Co. LLC priced $4.84 million of 0% trigger autocallable contingent yield notes due March 27, 2020 linked to the lesser performing of the Nasdaq 100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of 7% if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par plus the contingent coupon unless either index finishes below its 70% trigger level, in which case investors will be fully exposure to any losses of the worse performing index.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying indexes: | Nasdaq 100 and Russell 2000
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| Amount: | $4,843,000
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| Maturity: | March 27, 2020
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| Contingent coupon: | 7%, payable quarterly if each index closes at or above 70% coupon barrier on quarterly observation date
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| Price: | Par of $10
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| Call: | At par if each index closes at or above its initial level on any quarterly observation date beginning Sept. 22, 2017
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| Payout at maturity: | Par unless either index finishes below 70% threshold, in which case 1% loss for each 1% decline of worse performing index
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| Initial levels: | 5,332.533 for Nasdaq and 1,346.546 for Russell
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| Trigger levels: | 3,732.773 for Nasdaq and 942.582 for Russell; 70% of initial levels
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| Pricing date: | March 22
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| Settlement date: | March 27
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48129F614
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