By Angela McDaniels
Tacoma, Wash., Jan. 19 – JPMorgan Chase & Co. priced $147,000 of autocallable contingent interest notes due Jan. 21, 2020 linked to the S&P GSCI Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at an annual rate of 10% if the index closes at or above its barrier level, 70% of its initial level, on the review date for that quarter.
The notes will be automatically called at par plus the contingent coupon if the index closes at or above its initial level on any quarterly review date other than the final review date.
If the notes have not been called, the payout at maturity will be par unless the index finishes below its barrier level, in which case investors will be fully exposed to the decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying index: | S&P GSCI Crude Oil Index Excess Return
|
| Amount: | $147,000
|
| Maturity: | Jan. 21, 2020
|
| Coupon: | Notes pay quarterly contingent coupon at annual rate of 10% if index closes at or above barrier level on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless index finishes below barrier level, in which case full exposure to decline
|
| Call: | Automatically at par plus contingent coupon if index closes at or above initial level on any quarterly review date other than final review date
|
| Initial level: | 134.4359
|
| Barrier level: | 94.10513, 70% of initial level
|
| Pricing date: | Jan. 14
|
| Settlement date: | Jan. 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.898%
|
| Cusip: | 48128GHT0
|
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