By Wendy Van Sickle
Columbus, Ohio, May 16 – JPMorgan Chase Financial Co. LLC priced $4.76 million of contingent income autocallable securities due May 16, 2019 linked to the worst performing of Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9.15% if each index closes at or above the 80% barrier on the determination date 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 quarterly determination date other than the final determination date.
The payout at maturity will be par plus the contingent coupon unless any index finishes below its barrier, in which case investors will lose 1% for each 1% decline of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent income autocallable securities
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| Underlying indexes: | Euro Stoxx 50, S&P 500 and Russell 2000
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| Amount: | $4,761,000
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| Maturity: | May 16, 2019
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| Coupon: | 9.15% annualized for each quarter that each index closes at or above barrier on observation date for quarter
|
| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if each index finishes at or above barrier; otherwise, 1% loss for each 1% decline of worst performing index
|
| Call: | At par plus contingent payment if each index closes at or above initial level on any quarterly determination dates other than the final determination date
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| Initial index levels: | 3,637.52 for Euro Stoxx, 2,390.90 for S&P and 1,382.770 for Russell
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| Coupon barriers: | 2,910.016 for Euro Stoxx, 1,912.72 for S&P and 1,106.216 for Russell; 80% of initial levels
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| Pricing date: | May 12
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| Settlement date: | May 17
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| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2%
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| Cusip: | 46647MBA0
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