By Wendy Van Sickle
Columbus, Ohio, Aug. 18 – JPMorgan Chase Financial Co. LLC priced $3.45 million of 0% autocallable notes due Aug. 20, 2020 linked to the MSCI Emerging Markets 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 be called at par plus an annualized call premium of 11% if each index closes at or above its call level on any annual call date. The call level will be 100% of the initial level on the first call date, 95% on the second, and 90% on the third.
The payout at maturity will be par, unless either index finishes below the 70% trigger level, in which case investors will lose 1% for every 1% decline of the worse performing index.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable notes
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| Underlying indexes: | MSCI Emerging Markets and Russell 2000
|
| Amount: | $3.45 million
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| Maturity: | Aug. 20, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless either index finishes below trigger level, in which case investors will lose 1% for every 1% decline of the worse performing index
|
| Call: | At par plus 11% a year if each index closes at or above its call level on any annual call date
|
| Call levels: | 100% of initial level on first call date, 95% on second, 90% on third
|
| Initial levels: | 1,060.27 for EM, 1,383.534 for Russell
|
| Triggers: | 742.189 for EM, 968.4738 for Russell; 70% of initial levels
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| Pricing date: | Aug. 16
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| Settlement date: | Aug. 21
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| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | 2.25%
|
| Cusip: | 46647MP31
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