By Susanna Moon
Chicago, May 25 – JPMorgan Chase Financial Co. LLC priced $4.1 million of autocallable contingent interest notes due May 24, 2021 linked to the least performing of the Russell 2000 index, the iShares MSCI EAFE exchange-traded fund and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 8% if each component closes at or above its 60% coupon barrier on the review date for that month.
The notes will be called at par plus the contingent coupon if each component closes at or above its initial level on any review date other than the first, second, third and final dates.
The payout at maturity will be par unless any component finishes below its 60% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing component.
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: | Russell 2000, iShares MSCI EAFE ETF and the SPDR S&P Oil & Gas Exploration & Production ETF
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Amount: | $4,098,000
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Maturity: | May 24, 2021
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Coupon: | 8% annualized, payable monthly if each underlying component closes at or above 60% coupon barrier on review date for that month
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Price: | Par
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Payout at maturity: | Par plus contingent coupon unless any component falls below trigger level, in which case 1% loss for each 1% decline of worst performing index
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Call: | At par plus contingent coupon if each component closes at or above initial level on any review date other than first, second, third and final dates
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Initial levels: | 1,367.33 for Russell, $66.11 for EAFE fund and $35.52 for oil fund
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Trigger levels: | 820.398 for Russell, $39.666 for EAFE fund and $21.312 for oil fund; 60% of initial levels
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Pricing date: | May 19
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Settlement date: | May 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.15%
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Cusip: | 46647MCE1
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