By Susanna Moon
Chicago, March 21 – JPMorgan Chase Financial Co. LLC priced $2.34 million of 7.25% autocallable yield notes due June 20, 2018 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.
Interest is payable monthly.
The notes will be called at par if each index closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless either index finishes below its initial level and ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes are guaranteed by JPMorgan Chase & Co.
| 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 indexes: | S&P 500 and Russell 2000
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| Amount: | $2,341,000
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| Maturity: | June 20, 2018
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| Issue price: | Par
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| Coupon: | 7.25% annualized, payable monthly
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| Payout at maturity: | Par unless either index falls and ever dips below 70% trigger, in which case 1% loss per 1% decline of worse performing index
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| Call: | At par if each index closes at or above initial level on any review date other than final date
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| Initial levels: | 2,385.26 for S&P and 1,382.83 for Russell
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| Barrier levels: | 1,669.682 for S&P and 967.981 for Russell; 70% of initial levels
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| Pricing date: | March 15
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| Settlement date: | March 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.3874%
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| Cusip: | 46646QP66
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