By Susanna Moon
Chicago, Aug. 19 – JPMorgan Chase Financial Co. LLC priced $522,000 of autocallable contingent interest notes due Feb. 20, 2019 linked to the S&P GSCI Crude Oil Index Excess Return, 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 the index closes above its 60% coupon barrier on the observation date for that quarter.
The notes will be called at par if the index closes at or above its initial level on any quarterly review date other than the first, second, third and final dates.
The payout at maturity will be par unless the index finishes below its 60% trigger level, in which case investors will be fully exposed to any losses.
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 index: | S&P GSCI Crude Oil Index Excess Return
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| Amount: | $522,000
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| Maturity: | Feb. 20, 2019
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| Coupon: | 9% per year, payable quarterly if index closes at or above 60% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless index finishes below trigger level, in which case full exposure to losses
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| Call: | At par plus contingent coupon if index closes at or above initial level on any quarterly review date other than first, second, third and final dates
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| Initial level: | 161.4397
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| Trigger level: | 96.86382, 60% of initial level
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| Pricing date: | Aug. 17
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| Settlement date: | Aug. 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.58525%
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| Cusip: | 46646ESX1
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