By Wendy Van Sickle
Columbus, Ohio, Dec. 8 – JPMorgan Chase Financial Co. LLC priced $3.7 million of 5.6% autocallable yield notes due June 11, 2018 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable quarterly.
The notes will be called at par if each index closes at or above its initial level on any quarterly review date other than the final review date.
The payout at maturity will be par unless either index falls by more than the 20% buffer, in which case investors will lose 1.25% for each 1% loss beyond the buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $3,699,000
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| Maturity: | June 11, 2018
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| Coupon: | 5.6%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless either index falls beyond 20% buffer, in which case 1.25% loss for every 1% that lesser-performing index declines beyond buffer
|
| Call: | At par if each index closes at or above initial level on any quarterly review date other than final one
|
| Initial index levels: | 2,212.23 for S&P 500 and 1,352.668 for Russell 2000
|
| Pricing date: | Dec. 6
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| Settlement date: | Dec. 9
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.15%
|
| Cusip: | 46646QES0
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