By Wendy Van Sickle
Columbus, Ohio, July 14 – JPMorgan Chase Financial Co. LLC priced $2.22 million of contingent income autocallable securities due Jan. 8, 2020 linked to the least performing of the MSCI Emerging Markets index, the S&P 500 index and the Euro Stoxx 50 index, 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 10% if each index closes at or above the 80.5% downside threshold 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 80.5% downside threshold, 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent income autocallable securities
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| Underlying indexes: | MSCI Emerging Markets, S&P 500 and Euro Stoxx 50
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| Amount: | $2,217,000
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| Maturity: | Jan. 8, 2020
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| Coupon: | 10% annualized for each quarter that each index closes at or above 80.5% downside threshold on observation date for quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if each index finishes at or above 80.5% downside threshold; otherwise, 1% loss for each 1% decline of worst performing index
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| 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: | 1,014.24 for Emerging Markets, 2,429.01 for S&P, 3,491.81 for Stoxx
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| Downside threshold: | 816.4632 for Emerging Markets, 1,955.35305 for S&P and 2,810.90705 for Stoxx; 80.5% of initial levels
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| Pricing date: | July 3
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| Settlement date: | July 7
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| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
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| Fees: | 2.5%
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| Cusip: | 46647MTA1
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