By Wendy Van Sickle
Columbus, Ohio, July 15 – JPMorgan Chase Financial Co. LLC priced $4.63 million of autocallable contingent interest notes due July 13, 2022 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of 7.05% if each index closes at or above its interest barrier level, 75% of its initial level, on the review date for that period.
The notes will be called at par if each index closes at or above its initial level on any quarterly autocall review date.
The payout at maturity will be par unless either index finishes below its initial level and either index ever closes below its 70% trigger value, in which case investors will lose 1% for each 1% decline from the worst performer’s 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 index and S&P 500 index
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| Amount: | $4,627,000
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| Maturity: | July 13, 2022
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| Coupon: | 7.05% annualized, payable quarterly if each index closes at or above interest barrier level on review date for that period
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| Price: | Par
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| Payout at maturity: | Par unless either index finishes below its initial level and either index ever closes below its 70% trigger value, in which case 1% loss for each 1% decline of least performing index from initial level
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| Call: | Automatically at par if each index closes at or above initial level on any quarterly autocall review date
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| Initial levels: | 4,320.82 for S&P and 2,231.677 for Russell
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| Interest barrier: | 3,024.574 for S&P and 1,562.1739 for Russell; 70% of initial levels
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| Trigger levels: | 3,024.574 for S&P and 1,562.1739 for Russell; 70% of initial levels
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| Pricing date: | July 8
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| Settlement date: | July 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.725%
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| Cusip: | 48132UZU0
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