By Wendy Van Sickle
Columbus, Ohio, Feb. 8 – JPMorgan Chase Financial Co. LLC priced $1.24 million of autocallable contingent interest notes due Feb. 8, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of 9% if each underlying closes at or above its interest barrier level, 70% of its initial level, on any quarterly review date.
The notes will be called at par plus the contingent coupon if each underlying closes at or above its initial level on any quarterly review date other than the final one beginning on Aug. 8.
The payout at maturity will be par plus the final coupon unless either underlying finishes below its 60% trigger level, in which case investors will lose 1% for each 1% decline of the worse performing underlying.
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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| Underlyings: | Euro Stoxx 50 index and SPDR S&P Oil & Gas Exploration & Production exchange-traded fund
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| Amount: | $1,235,000
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| Maturity: | Feb. 8, 2022
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| Coupon: | 9% annualized, payable quarterly if each underlying closes at or above interest barrier level on interest review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus final coupon unless either underlying finishes below trigger level, in which case 1% loss for each 1% decline of worse performing underlying
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| Call: | At par plus contingent coupon if each underlying closes at or above initial level on any quarterly review date beginning on Aug. 8
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| Initial levels: | 3,577.35 for Stoxx, $37.09 for fund
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| Interest barriers: | 2,504.145 for Stoxx, $25.963 for fund; 70% of initial levels
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| Trigger levels: | 2,146.41 for Stoxx, $22.254 for fund; 60% of initial levels
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| Pricing date: | Feb. 1
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| Settlement date: | Feb. 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48129HZM2
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