By Angela McDaniels
Tacoma, Wash., May 13 – JPMorgan Chase Financial Co. LLC priced $1.8 million of 6.5% callable yield notes due May 14, 2018 linked to the least performing of the iShares MSCI EAFE exchange-traded fund, the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable quarterly.
The notes are callable at par on any interest payment date other than the first and final interest payment dates.
The payout at maturity will be par unless any underlier finishes below its 60% trigger level, in which case investors will be fully exposed to the decline of the worst-performing underlier.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Callable yield notes
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| Underliers: | iShares MSCI EAFE, Russell 2000 and S&P 500
|
| Amount: | $1.8 million
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| Maturity: | May 14, 2018
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| Coupon: | 6.5%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par plus final coupon unless any underlier finishes below trigger level, in which case full exposure to decline of worst-performing underlier
|
| Call option: | At par on any interest payment date other than first and final interest payment dates
|
|
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| Initial levels: | $57.38 for iShares MSCI EAFE, 1,114.720 for Russell 2000 and 2,057.14 for S&P 500
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| Trigger levels: | $34.428 for iShares MSCI EAFE, 668.832 for Russell 2000 and 1,234.284 for S&P 500; 60% of initial levels
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| Pricing date: | May 6
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| Settlement date: | May 11
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 46646ECK6
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