By Taylor Fox
New York, March 29 – JPMorgan Chase Financial Co. LLC priced $561,000 of autocallable contingent interest notes due June 20, 2022 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 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 11.25% if each index closes at or above its interest barrier level, 75% of its initial level, on the review date for that period.
The notes will be 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 dates.
The payout at maturity will be par plus the final coupon unless any index closes below its 75% trigger value during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for each 1% decline from the worst performer’s initial level.
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: | Russell 2000 index and Euro Stoxx 50 index
|
| Amount: | $561,000
|
| Maturity: | June 20, 2022
|
| Coupon: | 11.25% annualized, payable quarterly if each index closes at or above interest barrier level on review date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus any coupon unless any index closes below trigger value during life of notes and any index finishes below initial level, in which case investors will lose 1% for each 1% decline from the worst performer’s initial level
|
| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly review date other than the first and final dates
|
| Initial levels: | 3,829.84 for Stoxx and 2,360.168 for Russell
|
| Interest barrier: | 2,872.38 for Stoxx and 1,770.126 for Russell; 75% of initial levels
|
| Trigger levels: | 2,872.38 for Stoxx and 1,770.126 for Russell; 75% of initial levels
|
| Pricing date: | March 15
|
| Settlement date: | March 18
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132TCV6
|
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