By Wendy Van Sickle
Columbus, Ohio, Oct. 4 – JPMorgan Chase Financial Co. LLC priced $10.59 million of autocallable yield notes due April 3, 2019 linked to the worst performing of the iShares MSCI EAFE ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The interest rate will be 5.15% per year, and interest will be payable semiannually.
The notes will be called at par if each asset closes at or above its initial level on any quarterly call observation date other than the final one.
The payout at maturity will be par unless either asset finishes below its buffer level, 80% of its initial level, in which case investors will lose 1.25% for every 1% that the least-performing asset falls beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
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| Underlying indexes: | iShares MSCI EAFE ETF and Russell 2000
|
| Amount: | $10,585,000
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| Maturity: | April 3, 2019
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| Coupon: | 5.15%, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par unless either asset finishes below 80% buffer level, in which case 1.25% loss for every 1% decline of worse performing asset beyond 20%
|
| Call: | At par if each asset closes at or above the initial level on any quarterly observation date other than the final one
|
| Initial levels: | $68.08 for ETF, 1,488.786 for Russell
|
| Pricing date: | Sept. 29
|
| Settlement date: | Oct. 4
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.15%
|
| Cusip: | 48129HEF0
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