By Susanna Moon
Chicago, Feb. 13 – JPMorgan Chase Financial Co. LLC priced $1.72 million of autocallable contingent interest notes due Feb. 11, 2019 linked to the lesser performing of the S&P 500 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% 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 semiannual review date.
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 worse 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: | S&P 500, Russell 2000
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| Amount: | $1,715,000
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| Maturity: | Feb. 11, 2019
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| Issue price: | Par
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| Coupon: | 8% annualized, payable quarterly if each 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 trigger, in which case full exposure to any losses of worse performing index
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| Call: | At par plus contingent coupon if each index closes at or above initial level on any semiannual review date
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| Initial levels: | 2,292.56 for S&P, 1,366.66 for Russell
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| Trigger levels: | 1,604.792 for S&P, 956.662 for Russell; 70% of initial levels
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| Pricing date: | Feb. 6
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| Settlement date: | Feb. 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.45%
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| Cusip: | 46646QZU2
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