By Susanna Moon
Chicago, Aug. 22 – JPMorgan Chase Financial Co. LLC priced $8.08 million of contingent coupon autocallable yield notes due Aug. 22, 2019 linked to the least performing of the Nasdaq-100 index, the SPDR S&P MidCap 400 ETF Trust and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will pay a contingent quarterly coupon at an annualized rate of 8.72% if each underlying index or fund closes at or above its 75% coupon barrier on an observation date for that quarter.
The notes will be called at par if each underlying component closes above its initial level on any quarterly call date other than the final date.
The payout at maturity will be par unless any underlying component finishes below its 75% trigger level, in which case investors will be fully exposed to any losses of the worst performing index or fund.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Contingent coupon autocallable yield notes
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| Underlying assets: | Nasdaq-100 index, SPDR S&P MidCap 400 ETF Trust and iShares MSCI Emerging Markets ETF
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| Amount: | $8,082,000
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| Maturity: | Aug. 22, 2019
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| Issue price: | Par
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| Coupon: | 8.72% per year, payable quarterly if each index or fund closes at or above its 75% coupon barrier on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless any component finishes below its trigger, in which case full exposure to any losses of worst performing component
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| Call: | At par if each component closes above initial level on any quarterly call date other than final date
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| Initial levels: | 5,793.317 for index, $309.00 for midcap fund and $43.30 for EM fund
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| Trigger levels: | 4,344.98775 for index, $231.75 for midcap fund and $32.475 for EM fund; 75% of initial levels
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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: | 1.75%
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| Cusip: | 46647MQ48
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