By Wendy Van Sickle
Columbus, Ohio, Jan. 3 – JPMorgan Chase Financial Co. LLC priced $3.78 million of 5.5% autocallable yield notes due June 26, 2019 linked to the Russell 2000 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable quarterly.
The notes will be called at par if each asset closes at or above its initial level on any quarterly observation date.
If the notes are not called, the payout at maturity will be par unless either asset finishes below its 80% buffer, in which case investors will lose 1.25% for each 1% decline of the least-performing asset beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying assets: | Russell 2000, iShares MSCI EAFE ETF
|
| Amount: | $3,777,000
|
| Maturity: | June 26, 2019
|
| Coupon: | 5.5% per year, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus the final coupon unless either asset finishes below its 80% buffer level, in which case 1.25% loss for each 1% decline of the worst-performing asset beyond 20%
|
| Call option: | At par if each index closes at or above its initial level on any quarterly observation date
|
| Initial levels: | 1,547.107 for Russell, $69.93 for ETF
|
| Buffer levels: | 80% of initial levels
|
| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.15%
|
| Cusip: | 48129HWM5
|
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