By Wendy Van Sickle
Columbus, Ohio, June 24 – JPMorgan Chase Financial Co. LLC priced $630,000 of autocallable contingent interest notes due June 24, 2021 linked to the lesser performing of the S&P 500 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 monthly coupon at an annual rate of 7.3% if each index closes at or above its barrier level, 80% of its initial level, on the review date for that month.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any semiannual autocall review date beginning June 21, 2017.
The payout at maturity will be par unless either index finishes below its 80% barrier level, in which case investors will be expos to the loss of the lesser performing index beyond the 20% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $630,000
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| Maturity: | June 24, 2021
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| Coupon: | 7.3% annualized, payable monthly if each index closes at or above barrier level on review date for that month
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| Price: | Par
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| Payout at maturity: | Par unless either index falls below barrier level, in which case exposure to loss of lesser performing index beyond 20% buffer
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| Call: | At par plus contingent coupon if each index closes at or above initial level on any semiannual autocall review date starting June 21, 2017
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| Initial levels: | 2,088.90 for S&P and 1,153.87 for Russell
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| Barrier levels: | 1,671.12 for S&P and 923.0968 for Russell; 80% of initial levels
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| Pricing date: | June 21
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| Settlement date: | June 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 46646EJF0
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