By Susanna Moon
Chicago, June 2 – JPMorgan Chase & Co. priced $3.42 million of autocallable contingent interest notes due June 1, 2020 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE exchange traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a continent quarterly coupon at an annualized rate of 9.5% if each component closes at or above its barrier share price, 75% of its initial share price, on the review date for that quarter.
The notes will be called at par plus the coupon if each component closes at or above its initial level on any quarterly review date.
The payout at maturity will be par plus the contingent coupon unless any component finishes below its barrier level, in which case investors will be fully exposed to any losses of the worst performing component.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlyings: | S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE ETF
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| Amount: | $3,421,000
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| Maturity: | June 1, 2020
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| Coupon: | 9.5% per quarter that each component closes at or above barrier level on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless any component finishes below barrier level, in which case full exposure to any losses of the worst performing component
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| Call: | At par plus contingent coupon if each component closes at or above initial share price on any quarterly review date
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| Barrier levels: | 75% of initial levels
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| Pricing date: | May 27
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| Settlement date: | May 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.35%
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| Cusip: | 48125UUW0
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