By Susanna Moon
Chicago, Feb. 16 – JPMorgan Chase Financial Co. LLC priced $553,000 of autocallable contingent interest notes due Feb. 5, 2021 linked to the least performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8% if each underlying component closes at or above its 70% coupon barrier on the review date for that quarter.
The notes will be called at par if each component 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 component finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index or fund.
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 assets: | Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF
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Amount: | $553,000
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Maturity: | Feb. 5, 2021
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Coupon: | 8% annualized, payable quarterly if each component closes at or above 70% coupon barrier on review date for that quarter
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Price: | Par
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Payout at maturity: | Par unless either component finishes below 70% trigger, in which case 1% loss for each 1% decline of worse performing index or fund
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Call: | At par if each component closes at or above its initial level on any quarterly review date other than first and final dates
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Initial levels: | 3,523.28 for Stoxx and $49.05 for fund
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Trigger levels: | 2,466.296 for Stoxx and $34.335 for fund; 70% of initial levels
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Pricing date: | Feb. 2
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Settlement date: | Feb. 7
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.35%
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Cusip: | 48129HYA9
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