By Susanna Moon
Chicago, Sept. 28 – JPMorgan Chase Financial Co. LLC priced $5.36 million of autocallable contingent interest notes due Sept. 27, 2018 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 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 monthly coupon at an annual rate of 8% if each index closes at or above its 70% coupon barrier on the review date for that month.
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 through fifth and final dates.
The payout at maturity will be par unless either index finishes below initial level and ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.
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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Underlying indexes: | Euro Stoxx 50 index and Russell 2000 index
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Amount: | $5,362,000
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Maturity: | Sept. 27, 2018
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Coupon: | 8% annualized, payable monthly if each index closes at or above 70% coupon barrier on review date that month
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Price: | Par
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Payout at maturity: | Par plus contingent coupon unless either index finishes below initial level and ever closes below trigger, in which case 1% loss for each 1% decline of worse performing index
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Call: | At par plus contingent coupon if each index closes at or above initial level on any review date other than first through fifth and final dates
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Initial levels: | 3,541.42 for Stoxx and 1,450.781 for Russell
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Trigger levels: | 2,478.994 for Stoxx and 1,015.5467 for Russell; 70% of initial levels
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Pricing date: | Sept. 22
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Settlement date: | Sept. 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.5%
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Cusip: | 48129HAE7
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