By Susanna Moon
Chicago, July 14 – JPMorgan Chase Financial Co. LLC priced $2.87 million of autocallable contingent interest notes due July 6, 2020linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 6.75% if each index closes at or above its 70% coupon barrier on the review date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any review date other than the first and final dates.
The payout at maturity will be par unless either index finishes below its 70% trigger level, in which case investors will lose 1% for each 1% decline of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
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, S&P 500
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Amount: | $2,869,000
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Maturity: | July 6, 2020
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Coupon: | 6.75% annualized, payable quarterly if each underlying index closes at or above 70% coupon barrier on review date for that quarter
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Price: | Par
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Payout at maturity: | Par plus contingent coupon unless either index falls below 70% trigger, in which case 1% loss for each 1% decline of worse performing index
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Call: | At par plus contingent coupon if each index closes at or above initial level on any review date other than first and final dates
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Initial index levels: | 2,423.41 for S&P, 1,415.359 for Russell
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Trigger/barrier levels: | 1,696.387 for S&P, 990.7513 for Russell, 70% of initial levels
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.60866%
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Cusip: | 46647MKZ5
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