By Susanna Moon
Chicago, Nov. 29 – JPMorgan Chase Financial Co. LLC priced $4.25 million of contingent income autocallable securities due Nov. 21, 2019 linked to the lesser performing of the Financial Select Sector index and 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 9.7% if each index closes at or above its 75% 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 final date.
The payout at maturity will be par unless either index finishes below its 75% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent income autocallable securities
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| Underlying indexes: | Financial Select Sector and Euro Stoxx Banks
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| Amount: | $4,254,000
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| Maturity: | Nov. 21, 2019
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| Coupon: | 9.7% annualized, payable quarterly if each index closes at or above 75% 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 finishes 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 quarterly review date other than final date
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| Initial index levels: | 321.23 for Financial Select and 130.87 for Stoxx Banks
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| Downside thresholds: | 240.9225 for Financial Select and 98.1525 for Stoxx Banks; 75% of initial levels
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| Pricing date: | Nov. 17
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| Settlement date: | Nov. 27
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| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Smith Barney LLC handling distribution
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| Fees: | 1.5%
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| Cusip: | 48129HJH1
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