By Taylor Fox
New York, Jan. 19 – JPMorgan Chase Financial Co. LLC priced $2.51 million of autocallable contingent interest notes due June 23, 2022 linked to Russell 1000 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes pay a quarterly contingent interest payment at an annual rate of 5.6% if the index closes above its 70% coupon barrier level on the relevant review date.
If the index closes above its initial level on any quarterly review date starting March 18 the notes will be automatically called at par plus the contingent interest payment.
The payout at maturity will be par plus any contingent interest payment due if the final level of the index closes at or above its final barrier, 70% of its initial price.
Otherwise, investor will be full exposed to the decline of the index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying index: | Russell 1000 Value index
|
| Amount: | $2,510,000
|
| Maturity: | June 23, 2022
|
| Coupon: | 5.6% annual rate, payable quarterly if index closes at or above coupon barrier on review date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus interest payment if the index finishes above final barrier; otherwise, full exposure to losses of index
|
| Call: | At par plus interest payment if index finishes above initial level on quarterly review date
|
| Initial price: | 1,334.297
|
| Coupon barrier level: | 934.0079, 70% of initial price
|
| Final barrier level: | 934.0079, 70% of initial price
|
| Pricing date: | Dec. 18
|
| Settlement date: | Dec. 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132PP32
|
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