By Susanna Moon
Chicago, May 17 – JPMorgan Chase Financial Co. LLC priced $1.68 million of 7.25% autocallable yield notes due July 31, 2019 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par 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 yield notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $1,675,000
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Maturity: | July 31, 2019
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Issue price: | Par
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Coupon: | 7.25% annualized, payable monthly
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Call: | At par if each index closes at or above initial level on any quarterly review date other than the final date
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Payout at maturity: | Par unless either index finishes below its initial level and ever closes below its 75% trigger level, in which case full exposure to any losses of worse performing index
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Initial levels: | 1,541.884 for Russell and 2,648.05 for S&P
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Barrier levels: | 1,079.3188 for Russell and 1,853.635 for S&P; 70% of initial levels
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Pricing date: | April 30
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Settlement date: | May 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.46312%
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Cusip: | 48129MJH0
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