By Wendy Van Sickle
Columbus, Ohio, June 14 – JPMorgan Chase Financial Co. LLC priced $4.94 million of callable contingent interest notes due June 10, 2021 linked to the least performing of the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Each quarter, the notes will pay a contingent coupon at an annual rate of 6.55% if each index closes at or above its interest barrier level, 60% of its initial level, on the review date that quarter.
The notes may be called at par plus the coupon in whole but not in part on any interest payment date except the first and final payment dates.
If the notes have not been called, the payout at maturity will be par plus the coupon, unless any index finishes below its trigger level, 60% of its initial level, in which case investors will lose 1% for every 1% decline of the least-performing index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Callable contingent interest notes
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| Underlying indexes: | S&P 500 index, Euro Stoxx 50 index and Russell 2000 index
|
| Amount: | $4,943,000
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| Maturity: | June 10, 2021
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| Coupon: | Notes pay quarterly contingent coupon at annual rate of 6.55% if each index closes at or above coupon barrier level on review date that quarter
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon unless any index finishes below its trigger level, in which case 1% loss for every 1% decline of least-performing index from initial level
|
| Call: | Callable at par plus coupon on any quarterly review date other than first and final dates
|
| Initial levels: | 2,772.35 for S&P, 1,675.949 for Russell and 3,460.82 for Stoxx
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| Coupon barriers/triggers: | 1,663.41 for S&P, 1,005.5694 for Russell and 2,076.492 for Stoxx; 60% of initial levels
|
| Pricing date: | June 6
|
| Settlement date: | June 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48129MZT6
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