By Wendy Van Sickle
Columbus, Ohio, Sept. 20 – JPMorgan Chase Financial Co. LLC priced $6.28 million of autocallable buffered equity notes due Sept. 19, 2019 linked to 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 be called at par plus 8.0167% if the index closes above its initial level on Oct. 16, 2017 or par plus 14.8% if the index closes above its initial level on Sept. 17, 2018.
The payout at maturity will be par plus 22.2% if the index gains or is flat.
If the index falls by up to 10%, the payout will be par. Investors will lose 1.1111% for each 1% the index falls beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $6,275,000
|
| Maturity: | Sept. 19, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 22.2% if index gains or is flat; par if index falls by up to 10%; 1.1111% loss for each 1% loss beyond 10%
|
| Call: | At par plus 8.0167% if index closes above initial level on Oct. 16, 2017 or par plus 14.8% if index closes above initial level on Sept. 17, 2018
|
| Initial level: | 2,139.16
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 46646EYZ9
|
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