By Devika Patel
Knoxville, Tenn., Jan. 30 – JPMorgan Chase Financial Co. LLC priced $1 million of callable contingent interest notes due Feb. 1, 2019 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filed 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 13.1% if each index closes at or above its trigger level, 75% of its initial level, on the review date for that quarter.
The notes may be called at par in whole but not in part beginning May 2, 2017 on any interest payment date other than the final one.
If the notes have not been called, the payout at maturity will be par unless any index has finished below its trigger level, 75% of its initial level, in which case investors will lose 1% for every 1% decline of the worst performing index.
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: | Callable contingent interest notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index and Euro Stoxx 50
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| Amount: | $1 million
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| Maturity: | Feb. 1, 2019
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| Coupon: | Notes pay quarterly contingent coupon at annual rate of 13.1% if each index closes at or above trigger level on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless any index finishes below 75% of its initial value, in which case 1% loss for every 1% decline of worst-performing index
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| Call: | At par on any quarterly review date other than final one beginning on May 2, 2017
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| Initial levels: | 2,298.37 for S&P 500, 1,382.437 for Russell 2000 and 3,319.13 for Euro Stoxx 50
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| Trigger levels: | 1,723.7775 for S&P 500, 1,036.82775 for Russell 2000 and 2,489.3475 for Euro Stoxx 50; 75% of initial levels
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 46646QVS1
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