By Wendy Van Sickle
Columbus, Ohio, June 24 – JPMorgan Chase Financial Co. LLC priced $579,000 of autocallable contingent interest notes due June 25, 2020 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 quarterly coupon at an annual rate of 6.5% if each index closes at or above its barrier level, 60% of its initial level, on the review date for that quarter.
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 through seventh and the final review dates.
The payout at maturity will be par unless either index finishes below its barrier level, in which case investors will be fully exposed to the loss of the lesser performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| 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: | $579,000
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| Maturity: | June 25, 2020
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| Coupon: | 6.5% annualized, payable quarterly if each index closes at or above barrier level on review date for that quarter
|
| Price: | Par
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| Payout at maturity: | Par unless either index finishes below barrier level, in which case exposure to loss of lesser performing index
|
| Call: | At par plus contingent coupon if each index closes at or above initial level on any quarterly review date other than the first through seventh and the final review dates
|
| Initial levels: | 2,085.45 for S&P and 1,148.971 for Russell
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| Barrier levels: | 1,251.27 for S&P and 689.3826 for Russell; 60% of initial levels
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| Pricing date: | June 22
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| Settlement date: | June 27
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
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| Cusip: | 46646EJV5
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