By Wendy Van Sickle
Columbus, Ohio, Aug. 11 – JPMorgan Chase Financial Co. LLC priced $669,000 of autocallable contingent interest notes due Aug. 9, 2021 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Each month, the notes will pay a contingent 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 quarterly autocall review date after one year.
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.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying assets: | Euro Stoxx 50, Russell 2000 index and SPDR S&P Oil & Gas Exploration & Production exchange-traded fund
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| Amount: | $669,000
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| Maturity: | Aug. 9, 2021
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| Coupon: | 8% annualized, payable each month that each underlying component closes at or above coupon barrier on review date for that month
|
| 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 performer
|
| Call: | At par plus contingent coupon if each component closes at or above initial level on any quarterly autocall review date after one year
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| Initial levels: | 3,507.41 for Stoxx, 1,412.321 for Russell and $31.27 for fund
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| Coupon barrier/triggers: | 2,104.446 for Stoxx, 847.3926 for Russell and $18.762 for fund; 60% of initial levels
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| Pricing date: | Aug. 4
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| Settlement date: | Aug. 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.75%
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| Cusip: | 46647MZM8
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