By Susanna Moon
Chicago, June 29 – JPMorgan Chase Financial Co. LLC priced $670,000 of autocallable contingent interest notes due July 2, 2019 linked to the lesser performing of the S&P 500 index and the Energy Select Sector SPDR fund, 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 quarterly coupon at an annual rate of 7.5% if each component closes at or above its 60% coupon barrier level on the review date for that quarter.
The notes will be called at par plus the contingent coupon if each component closes at or above its initial level on any quarterly review date other than the first, second, third and final dates.
The payout at maturity will be par unless either component finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worse performing component.
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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| Underlyings: | S&P 500 index and Energy Select Sector SPDR fund
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| Amount: | $670,000
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| Maturity: | July 2, 2019
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| Coupon: | 7.5% annualized, payable quarterly if each component closes at or above 70% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless either component finishes below 60% trigger level, in which case exposure to any losses of worse performing component
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| Call: | At par plus contingent coupon if component index closes at or above initial level on any quarterly review date other than the first, second, third and final dates
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| Initial levels: | 2,000.54 for S&P and $64.73 for energy fund
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| Barrier levels: | 1,200.324 for S&P and $38.838 for energy fund; 60% of initial levels
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| Pricing date: | June 27
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| Settlement date: | June 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 46646EKE1
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