By Wendy Van Sickle
Columbus, Ohio, Feb. 10– JPMorgan Chase Financial Co. LLC priced $5.76 million of 6.35% autocallable yield notes with rebate return due Aug. 13, 2018 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 414B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
After six months, the notes will be called quarterly at par plus the coupon if each asset closes above its initial level on the observation date for that period.
If the notes are not called, the payout at maturity will be par plus the final coupon unless either asset drops by more than 20% in which case investors will lose 1.25% for each 1% the lesser performing asset declines beyond 20%.
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 yield notes
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| Underlying assets: | Russell 200 index and iShares MSCI EAFE exchange-traded fund
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| Amount: | $5,763,000
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| Maturity: | Aug. 13, 2018
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| Coupon: | 6.35%, payable monthly
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| Price: | Par
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| Call: | At par plus monthly coupon if each asset closes above initial level on a quarterly observation date after six months
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| Payout at maturity: | Par plus final coupon unless either asset falls by more than 20%, in which case 1.25% loss for each 1% decline of lesser performing asset beyond 20%
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| Initial levels: | 1,361.061 for index, $59.56 for ETF
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| Pricing date: | Feb. 8
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| Settlement date: | Feb. 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.15%
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| Cusip: | 46646QC52
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