By Wendy Van Sickle
Columbus, Ohio, April 19 – JPMorgan Chase Financial Co. LLC priced $946,000 of autocallable contingent interest notes due April 16, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, 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 semiannual coupon at an annual rate of 7% if each index closes at or above its barrier level, 65% of its initial level, on a semiannual review date.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any review date other than the final one.
The payout at maturity will be par unless either index finishes below its barrier level, in which case investors will lose 1% for each 1% decline of the worse performing index from its initial level.
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 indexes: | S&P 500 and Russell 2000
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Amount: | $946,000
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Maturity: | April 16, 2021
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Coupon: | 7% annualized, payable semiannually if each underlying index closes at or above barrier level on review date for that period
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Price: | Par
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Payout at maturity: | Par plus final coupon unless either index finishes below barrier level, in which case 1% loss for each 1% decline of worse performing index from initial level
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Call: | At par plus contingent coupon if each index closes at or above initial level on any review date other than final one
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Initial levels: | 2,328.95 for S&P and 1,345.244 for Russell
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Barrier levels: | 1,513.8175 for S&P and 874.4086 for Russell; 65% of initial levels
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Pricing date: | April 13
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Settlement date: | April 19
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 46646QW27
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