By Susanna Moon
Chicago, Sept. 22 – JPMorgan Chase & Co. priced $2.93 million of autocallable contingent interest notes due March 25, 2019 linked to the worst performing of the Russell 2000 index, the S&P 500 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 11.65% if each component closes at or above its coupon barrier level, 70% of its initial level, on the review date for that quarter.
The notes will be called at par plus the contingent coupon if each component 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 unless any component finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing component.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlyings: | Russell 2000, S&P 500 and the iShares MSCI EAFE ETF
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| Amount: | $2.93 million
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| Maturity: | March 25, 2019
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| Coupon: | 11.65% annualized, payable quarterly if each component closes at or above coupon barrier level on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus final coupon unless any component falls below trigger level, in which case full exposure to any losses of worse performing component
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| Call: | 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
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| Initial levels: | 1,163.346 for Russell, 1,958.03 for S&P and $58.82 for MSCI EAFE fund
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| Coupon barriers: | 70% of initial levels
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| Trigger levels: | 60% of initial levels
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| Pricing date: | Sept. 18
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| Settlement date: | Sept. 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48125U4L3
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