By Wendy Van Sickle
Columbus, Ohio, Oct. 5 – JPMorgan Chase Financial Co. LLC priced $3.02 million of callable contingent interest notes due Oct. 7, 2019 linked to the lesser performing of the Euro Stoxx 50 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 semiannual coupon at an annual rate of 9.2% if each index closes at or above its coupon barrier level, 70% of its initial level, on the review date for that period.
The notes will be callable at par plus the contingent coupon on any interest payment date other than the final date.
The payout at maturity will be par unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Callable contingent interest notes
|
| Underlying indexes: | Euro Stoxx 50 and Russell 2000
|
| Amount: | $3,016,000
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| Maturity: | Oct. 7, 2019
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| Coupon: | 9.2% annualized, payable semiannually if each index closes at or above coupon barrier on review date for that period
|
| Price: | Par
|
| Call option: | At par plus contingent coupon on any interest payment date other than final date
|
| Payout at maturity: | Par unless either index finishes below trigger level, in which case full exposure to any losses of worse performing index
|
| Initial levels: | 2,991.11 for Stoxx and 1,255.666 for Russell
|
| Barrier/trigger levels: | 2,093.777 for Stoxx and 878.9662 for Russell; 70% of initial levels
|
| Pricing date: | Sept. 28
|
| Settlement date: | Sept. 30
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 46646EH70
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