By Wendy Van Sickle
Columbus, Ohio, April 27 – JPMorgan Chase Financial Co. LLC priced $5.48 million of autocallable contingent interest notes due July 31, 2019 linked to the lesser performing of the Russell 2000 index and S&P 500 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 6.5% if each index closes at or above its 70% 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 either index ever closes below its 70% barrier level, 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying indexes: | Russell 2000 index, S&P 500 index
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| Amount: | $5,478,000
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| Maturity: | July 31, 2019
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| Coupon: | 6.5% annualized, payable quarterly if each index closes at or above 70% coupon barrier on review date for that quarter
|
| Price: | Par
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| Payout at maturity: | Par unless either index finished below initial level and ever closes below 70% barrier, in which case 1% loss for each 1% decline of worse performing index
|
| Call: | At par plus contingent coupon if each index closes at or above initial level on any quarterly review date other than final date
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| Initial levels: | 1,550.467 for Russell and 2,639.40 for S&P
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| Barrier levels: | 1,085.3269 for Russell, 1,847.58 for S&P, 70% of initial levels
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| Pricing date: | April 25
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| Settlement date: | April 30
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.08098%
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| Cusip: | 48129MGW0
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