By Wendy Van Sickle
Columbus, Ohio, Feb. 1 – JPMorgan Chase Financial Co. LLC priced $3.97 million of autocallable yield notes due July 29, 2019 linked to the worst performing of the S&P 500 index 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 5.4% per year, and interest will be payable monthly.
The notes will be called at par if each index closes at or above its initial level on any semiannual review date other than the final date.
The payout at maturity will be par unless either index closes below its buffer level, 80% of its initial level, , in which case investors will lose 1.25% for every 1% that the least-performing index finishes below the buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $3,972,000
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| Maturity: | July 29, 2019
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| Coupon: | 5.4%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either index finishes below buffer level, in which case 1.25% loss for every 1% decline of worse performing index beyond the buffer
|
| Call: | At par if each index closes at or above the initial level on any semiannual review date other than final date
|
| Initial index levels: | 1,599.611 for Russell and 2,837.54 for S&P
|
| Buffer levels: | 80% of initial levels
|
| Pricing date: | Jan. 25
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| Settlement date: | Jan. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.15%
|
| Cusip: | 48129HYB7
|
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