By Susanna Moon
Chicago, Sept. 8 – JPMorgan Chase Financial Co. LLC priced $2.68 million of 6.25% autocallable yield notes due Dec. 6, 2018 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.
Interest will be payable monthly.
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 date.
The payout at maturity will be par of $10 unless either index finishes below its initial level and ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses 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 yield notes
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $2.68 million
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| Maturity: | Dec. 6, 2018
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| Coupon: | 6.25% annualized, payable monthly
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| Price: | Par
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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 final date
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| Payout at maturity: | Par plus contingent coupon unless either index finishes below its initial level and ever closes below trigger, in which case 1% loss for each 1% decline of worse performing index
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| Initial levels: | 2,471.65 for S&P, 1,405.277 for Russell
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| Trigger levels: | 1,730.155 for S&P, 983.6939 for Russell; 70% of initial levels
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.35078%
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| Cusip: | 46647M3H4
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