By Susanna Moon
Chicago, Dec. 22 – JPMorgan Chase Financial Co. LLC priced $3.35 million of autocallable contingent interest notes due March 13, 2019 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7.5% if each index closes at or above its 75% coupon barrier 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 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 75% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Russell 2000 and Euro Stoxx 50
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| Amount: | $3.35 million
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| Maturity: | March 13, 2019
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| Coupon: | 7.5% annualized, payable quarterly if each index closes at or above 75% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless either index finishes below its initial level and ever closes below 75% trigger, in which case 1% loss for each 1% decline 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 quarterly review date other final date
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| Initial index levels: | 1,521.724 for Russell and 3,591.45 for Stoxx
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| Trigger levels: | 1,141.293 for Russell and 2,693.5875 for Stoxx; 75% of initial levels
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.125%
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| Cusip: | 48129HUK1
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