By Wendy Van Sickle
Columbus, Ohio, Oct. 16 – JPMorgan Chase Financial Co. LLC priced $1.36 million of autocallable contingent interest notes due April 10, 2019 linked to the least performing of the iShares MSCI Emerging Markets exchange-traded fund, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset closes at or above its trigger value, 70% of its level, on a quarterly review date, the notes will pay a contingent coupon at the rate of 8.7% per year.
If each asset closes at or above its initial level any review date other than the final review date, the notes will be automatically called at par plus the contingent coupon and any previously unpaid contingent interest payments.
If the notes have not been called, the payout at maturity will be par plus unless any asset finishes below its initial level and any asset closes below its trigger value any day during the life of the notes, in which case investors will lose 1% for every 1% that the least-performing asset finishes below its initial level.
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 ETFs: | iShares Emerging Markets ETF, Russell 2000 index, Euro Stoxx 50 index
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| Amount: | $1,363,000
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| Maturity: | April 10, 2019
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| Coupon: | If each asset closes at or above trigger value on quarterly review date, notes will pay contingent coupon at rate of 8.7% per year
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| Price: | Par
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| Payout at maturity: | Par unless any asset finishes below initial level and closes below trigger value during life of notes, in which case 1% loss for every 1% that least-performing asset finishes below initial level
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| Call: | If each asset closes at or above initial level on any review date other than the final review date
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| Initial levels: | $45.86 for ETF, 1,512.088 for Russell and 3613.54 for Euro Stoxx 50
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| Trigger values: | $32.102 for S&P trust, 1,058.4616 for Russell ETF and 2,529.478 for Euro Stoxx 50 ETF; 60% of initial share prices
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| Pricing date: | Oct. 5
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| Settlement date: | Oct. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48129HET0
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