By Susanna Moon
Chicago, Aug. 22 – JPMorgan Chase Financial Co. LLC priced $3.08 million of trigger autocallable contingent yield notes due Aug. 18, 2023 linked to the lesser performing of the Bloomberg Commodity index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 7.05% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes will be called at par if each asset closes at or above its initial level on any quarterly observation date after one year.
The payout at maturity will be par unless either asset finishes below its 70% trigger level, in which case investors will lose 1% for each 1% decline of the worse performing index or fund.
The notes are guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | J.P. Morgan Securities LLC
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying indexes: | Bloomberg Commodity, iShares MSCI Emerging Markets ETF
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| Amount: | $3,075,000
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| Maturity: | Aug. 18, 2023
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| Coupon: | 7.05% annualized, payable quarterly if each asset closes at or above its 70% coupon barrier on observation date for that quarter
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| Price: | Par of $10
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| Payout at maturity: | If each asset finishes at or above trigger level, par; otherwise, 1% loss per 1% decline of worse performing index or fund
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| Call: | At par if each asset closes at or above its initial level on each quarterly observation date beginning Aug. 15, 2019
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| Initial levels: | 82.1694 for index, $41.51 for fund
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| Trigger levels: | 57.5186 for index, $29.06 for fund; 70% of initial levels
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| Pricing date: | Aug. 15
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| Settlement date: | Aug. 20
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48129N153
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