By Wendy Van Sickle
Columbus, Ohio, Feb. 7 – JPMorgan Chase Financial Co. LLC priced $3.47 million of autocallable yield notes due April 30, 2019 linked to the worst 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 will be guaranteed by JPMorgan Chase & Co.
The interest rate will be 7.25% per year, and interest will be payable monthly.
The notes will be called at par if each index closes at or above its initial level on any quarterly review date other than the final date.
The payout at maturity will be par unless either index closes below its trigger level, 70% of its initial level, any day during the life of the notes and either index finishes below its initial level, in which case investors will be fully exposed to the decline of the laggard index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
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| Underlying indexes: | Euro Stoxx 50 and Russell 2000
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| Amount: | $3,474,000
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| Maturity: | April 30, 2019
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| Coupon: | 7.25%, payable monthly
|
| Price: | Par
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| Payout at maturity: | Par unless either index finishes below initial level and either has closed below trigger level any day during life of notes, in which case full exposure to loss of laggard index
|
| Call: | At par if each index closes at or above the initial level on any quarterly review date other than final date
|
| Initial index levels: | 1,574.982 for Russell and 3,609.29 for Stoxx
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| Trigger levels: | 1,102.4874 for Russell and 2,526.503 for Stoxx; 70% of initial levels
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48129HE37
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