By Sarah Lizee
Olympia, Wash., April 22 – JPMorgan Chase Financial Co. LLC priced $3.1 million of 5.25% yield notes due June 19, 2020 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The payout at maturity will be par unless either underlier’s final level is less than 80% of its strike level, in which case investors will lose 1.25% for every 1% that the lesser-performing underlier declines beyond 20%. For each underlier, the strike level is its closing level on April 16, the day prior to the pricing date.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Yield notes
|
| Underliers: | Russell 2000 index and iShares MSCI EAFE ETF
|
| Amount: | $3.1 million
|
| Maturity: | June 19, 2020
|
| Coupon: | 5.25%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either underlier’s final level is less than 80% of its strike level, in which case 1.25% loss for every 1% that lesser-performing underlier declines beyond 20%
|
| Strike values: | 1,582.785 for index and $66.52 for ETF (closing levels on April 16)
|
| Pricing date: | April 17
|
| Settlement date: | April 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132CCR2
|
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