By Susanna Moon
Chicago, Aug. 22 – JPMorgan Chase Financial Co. LLC priced $5.36 million of 5.05% autocallable yield notes due Feb. 22, 2019 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if each component 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 underlying component falls by more than 20%, in which case investors will lose 1.25% for each 1% decline of the worse performing component beyond 20%.
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 yield notes
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| Underlying assets: | Russell 2000 index, iShares MSCI EAFE ETF
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| Amount: | $5,362,000
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| Maturity: | Feb. 22, 2019
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| Issue price: | Par
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| Coupon: | 5.05% annualized, payable monthly
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| Payout at maturity: | Par unless either index falls by more than 20%, in which case 1.25% loss per 1% decline of worse performing index
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| Call: | At par if each index closes at or above initial level on any review date other than final date
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| Initial levels: | 1,383.534 for Russell, $66.76 for fund, closing levels on strike date
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| Barrier levels: | 80% of initial levels
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| Strike date: | Aug. 16
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| Pricing date: | Aug. 17
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| Settlement date: | Aug. 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.15%
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| Cusip: | 46647MS38
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