By Susanna Moon
Chicago, June 17 – JPMorgan Chase Financial Co. LLC priced $3.18 million of trigger autocallable contingent yield notes due June 18, 2021 linked to the lesser performing of the MSCI EAFE index and the S&P 500 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 8% if each index closes at or above its coupon barrier, 64.45% 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 one year.
The payout at maturity will be par unless either index finishes below the 64.45% barrier level, in which case investors will be fully exposed 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: | MSCI EAFE, S&P 500
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| Amount: | $3,183,000
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| Maturity: | June 18, 2021
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| Coupon: | 8%, payable quarterly if each index closes at or above coupon barrier on quarterly observation date
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| Price: | Par of $10
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| Payout at maturity: | Par unless either index finishes below downside threshold, in which case full exposure to losses of worse performing index
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| Call: | At par if indexes close at or above initial levels on any quarterly observation date after one year
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| Initial levels: | 1,576.22 for MSCI EAFE and 2,075.32 for S&P
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| Barrier levels: | 1,015.87 for MSCI EAFE and 1,337.54 for S&P; 64.45% of initial levels
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| Pricing date: | June 14
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| Settlement date: | June 17
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 46646W482
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