By Sarah Lizee
Olympia, Wash., Jan. 17 – JPMorgan Chase Financial Co. LLC priced $1.05 million of autocallable contingent interest notes due July 17, 2020 linked to the lesser performing of the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 6.1% if each index closes at or above its 60% coupon barrier on the review date for that quarter.
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 first and final dates.
The payout at maturity will be par unless either index falls by more than 40%, in which case investors will be exposed to any losses of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying indexes: | Nasdaq-100 and Dow Jones industrial average
|
| Amount: | $1,045,000
|
| Maturity: | July 17, 2020
|
| Coupon: | 6.1% annualized, payable quarterly if each index closes at or above 60% coupon barrier on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless either index falls by more than 40%, in which case 1% loss for each 1% decline of worse performing index
|
| Call: | At par plus contingent coupon if each index closes at or above initial level on any review date other than first and final dates
|
| Initial levels: | 6,669.638 for Nasdaq-100 and 24,065.59 for Dow
|
| Coupon barriers/trigger levels: | 4,001.7828 for Nasdaq-100 and 14,439.354 for Dow, 60% of initial levels
|
| Pricing date: | Jan. 15
|
| Settlement date: | Jan. 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48130WMU2
|
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