By Wendy Van Sickle
Columbus, Ohio, April 30 – JPMorgan Chase Financial Co. LLC priced $116,000 of autocallable contingent interest notes due Oct. 30, 2020 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Each quarter, the notes will pay a contingent coupon at the rate of 6.5% per year if each index closes at or above its trigger value, 70% of its initial level, on the review date for that quarter.
The notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date other than the first and final review dates.
If the notes have not been called, the payout at maturity will be par unless either index finishes below its initial level and either index has ever closed below its trigger value during the life of the notes, in which case investors will lose 1% for every 1% that the lesser-performing index finishes below its initial level.
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 contingent interest notes
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| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $116,000
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| Maturity: | Oct. 30, 2020
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| Coupon: | 6.5% per year, payable quarterly if each index closes at or above trigger value on review date for that quarter
|
| Price: | Par
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| Payout at maturity: | Par unless either index finishes below its initial level and either index has ever closed below its trigger value during the life of the notes, in which case investors will lose 1% for every 1% that the lesser-performing index finishes below its initial level
|
| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly review date other than first and final dates
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| Initial levels: | 1,575.612 for Russell and 3,491.92 for Stoxx
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| Trigger values: | 1,102.9284 for Russell and 2,444.344 for Stoxx, or 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
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| Fees: | 1.75%
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| Cusip: | 48130WS69
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