By Susanna Moon
Chicago, Jan. 3 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due Jan. 2, 2020 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 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 6% if each index closes at or above its 85% 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 15%, in which case investors will be exposed to any losses of the worse performing index beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Russell 2000 and Euro Stoxx 50
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| Amount: | $1 million
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| Maturity: | Jan. 2, 2020
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| Coupon: | 6% annualized, payable quarterly if each index closes at or above 85% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless either index falls by more than 15%, in which case 1% loss for each 1% decline of worse performing index beyond 15%
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| Call: | At par plus contingent coupon if each index closes at or above initial level on any quarterly review date other first and final dates
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| Initial index levels: | 1,543.937 for Russell and 3,550.17 for Stoxx
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| Coupon barriers: | 1,312.34645 for Russell and 3,017.6445 for Stoxx; 85% of initial levels
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| Pricing date: | Dec. 27
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| Settlement date: | Dec. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48129HWL7
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