By Susanna Moon
Chicago, Oct. 20 – JPMorgan Chase Financial Co. LLC priced $4 million of trigger autocallable contingent yield notes due Oct. 21, 2020 linked to the Euro Stoxx Banks 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 9.15% if the index closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes will be called at par if the index closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par plus the contingent coupon unless the index finishes below the 70% downside threshold, in which case investors will be fully exposed to any losses of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying index: | Euro Stoxx Banks
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| Amount: | $4 million
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| Maturity: | Oct. 21, 2020
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| Coupon: | 9.15%, payable quarterly if each index closes at or above 70% coupon barrier on observation date
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| Price: | Par of $10
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| Call: | At par plus contingent coupon if each index closes at or above initial level on any quarterly observation date after six month
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| Payout at maturity: | Par unless index closes below downside threshold, in which case 1% loss for each 1% decline of worse performing index
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| Initial level: | 133.46
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| Downside threshold: | 93.42, 70% of initial level
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| Pricing date: | Oct. 16
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| Settlement date: | Oct. 19
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 48129J160
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