By Tali Rackner
Norfolk, Va., Jan. 31 – JPMorgan Chase Financial Co. LLC priced $769,000 of autocallable contingent interest notes due Jan. 30, 2020 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 quarterly coupon at an annual rate of 8.5% if each index closes at or above its coupon barrier, 70% 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 review date other than the first and final dates.
The payout at maturity will be par plus the final contingent interest payment unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the lesser-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: | Autocallable contingent interest notes
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| Underlying indexes: | Euro Stoxx 50, Russell 2000
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| Amount: | $769,000
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| Maturity: | Jan. 30, 2020
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| Issue price: | Par
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| Coupon: | 8.5% annualized, payable quarterly if each underlying index closes at or above 70% coupon barrier on review date for that quarter
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| Payout at maturity: | Par final contingent interest payment unless either index falls below 70% trigger, in which case full exposure to any losses of lesser-performing index
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| Call: | At par plus contingent coupon if each index closes at or above initial level on any review date other than the first and final dates
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| Initial levels: | 3,319.13 for Euro Stoxx, 1,375.595 for Russell
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| Barrier/trigger levels: | 2,323.391 for Euro Stoxx, 962.9165 for Russell; 70% of initial levels
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 46646QTY1
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