By Wendy Van Sickle
Columbus, Ohio, July 5 – JPMorgan Chase Financial Co. LLC priced $4.12 million of trigger autocallable contingent yield notes due June 28, 2019 linked to the lesser 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.
Each quarter, the notes will pay a contingent coupon at an annual rate of 10.63% if each index closes at or above its downside threshold level, 70% of its initial level, on the observation date for that quarter.
Beginning in December, the notes will be automatically called at par if each index closes at or above its initial level on any observation date.
The payout at maturity will be par unless either index finishes below its downside threshold level, in which case investors will be fully exposed to the decline of the lesser-performing index.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying indexes: | Russell 2000 and Euro Stoxx 50
|
| Amount: | $4,115,600
|
| Maturity: | June 28, 2019
|
| Coupon: | 10.63%, payable quarterly if indexes close at or above downside threshold level on quarterly observation date
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless either index finishes below downside threshold, in which case full exposure to decline of lesser-performing index
|
| Call: | Beginning in December, automatically at par if indexes close at or above initial levels on any observation date
|
| Initial levels: | 1,107.298 for Russell 2000 and 2,758.67 for Stoxx
|
| Downside thresholds: | 775.109 for Russell 2000 and 1,931.07 for Stoxx; 70% of initial levels
|
| Pricing date: | June 28
|
| Settlement date: | June 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 46646W433
|
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