By Wendy Van Sickle
Columbus, Ohio, Oct. 21 – JPMorgan Chase Financial Co. LLC priced $3.75 million of 6.5% autocallable yield notes due Jan. 25, 2018 linked to the least performing of the Russell 2000 index, the S&P 500 index and the iShares MSCI Emerging Markets 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 notes will be called at par if each underlying component closes at or above its initial level on any quarterly review date other than the final one.
The payout at maturity will be par unless the final level of any underlying asset is less than its initial level and any asset has closed below 60% of its initial level any day during the life of the notes, in which case investors will be fully exposed to the loss of the least performing asset.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying assets: | S&P 500 index, Russell 2000 index and iShares MSCI Emerging Markets ETF
|
| Amount: | $3,751,000
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| Maturity: | Jan. 25, 2018
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| Coupon: | 6.5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final level of any underlying asset is less than its initial level and any asset has closed below 60% of initial level any day during life of the notes, in which fully exposure to loss of least performing asset
|
| Call: | At par if each underlying component closes at or above initial level on any quarterly review date other than the final one
|
| Initial levels: | 2,141.34 for S&P 500, 1,219.787 for Russell, $37.61 for ETF
|
| Pricing date: | Oct. 20
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| Settlement date: | Oct. 25
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.475%
|
| Cusip: | 46646EJ45
|
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