By Wendy Van Sickle
Columbus, Ohio, July 13 – JPMorgan Chase Financial Co. LLC priced $1.02 million of callable contingent interest notes due July 1, 2019 linked to the least performing of the S&P 500 Total Return index, the Euro Stoxx 50 Net Return index and the MSCI Daily TR Net Emerging Markets index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Each quarter, the notes will pay a contingent coupon at an annual rate of 10.1% if each index closes at or above its interest barrier level, 70% of its initial level, on the review date that quarter.
The notes may be called at par plus the coupon in whole but not in part on any interest payment date except the final payment date.
If the notes have not been called, the payout at maturity will be par plus the coupon, unless any index finishes below its initial level and any index ever closes below trigger level, 70% of its initial level, in which case investors will lose 1% for every 1% decline of the least-performing index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Callable contingent interest notes
|
| Underlying indexes: | S&P Total Return 500 index, Euro Stoxx 50 Net Return index and MSCI Daily TR Net Emerging Markets index
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| Amount: | $1,015,000
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| Maturity: | July 1, 2019
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| Coupon: | 6,924.14 | Notes pay quarterly contingent coupon at annual rate of 10.1% if each index closes at or above coupon barrier level on review date that quarter
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon unless any index finishes below its initial level and ever closes below trigger level, in which case 1% loss for every 1% decline of least-performing index from initial level
|
| Call: | Callable at par plus coupon on any quarterly review date other than final date
|
| Initial levels: | 5,359.007 for S&P, 485.558 for MSCI and 6,924.14 for Stoxx
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| Coupon barriers/triggers: | 3,751.3049 for S&P, 339.8906 for MSCI and 4,846.898 for Stoxx; 70% of initial levels
|
| Pricing date: | June 26
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| Settlement date: | June 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48129M4M5
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