By Susanna Moon
Chicago, June 17 – JPMorgan Chase & Co. priced $5.7 million of contingent income autocallable securities due June 16, 2022 linked to the worst performing of the Russell 2000 index, the Euro Stoxx 50 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9% if each index closes at or above its coupon barrier level, 75% 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 determination date other than the final determination date.
The payout at maturity will be par unless any index finishes below its 55% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Contingent income autocallable securities
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| Underlying indexes: | Russell 2000, Euro Stoxx 50 and MSCI Emerging Markets
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| Amount: | $5,704,700
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| Maturity: | June 16, 2022
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| Coupon: | 9% annualized, payable quarterly if each index closes at or above coupon barrier level on observation date for that quarter
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| Price: | Par of $10
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| Payout at maturity: | Par unless any index finishes below barrier level, in which case full exposure to any losses of worst performing index
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| Call: | At par if each index closes at or above initial level on any quarterly determination date other than final date
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| Initial levels: | 1,265.022 for Russell, 3,502.77 for Euro Stoxx and 979.46 for MSCI EM
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| Coupon barriers: | 75% of initial levels
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| Trigger levels: | 55% of initial levels
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| Pricing date: | June 12
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| Settlement date: | June 17
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| Agent: | J.P. Morgan Securities LLC
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| Distribution: | Morgan Stanley Wealth Management
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| Fees: | 3%
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| Cusip: | 48127X526
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