By Susanna Moon
Chicago, Nov. 10 – JPMorgan Chase Financial Co. LLC priced $300,000 of autocallable contingent interest notes due Nov. 7, 2019 linked to the least performing of the Euro Stoxx 50 index, the SPDR S&P Biotech 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 10% if each underlying 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 final date.
The payout at maturity will be par unless any component finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing index or fund.
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: | Euro Stoxx 50 index, the SPDR S&P Biotech ETF and the SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $300,000
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| Maturity: | Nov. 7, 2019
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| Coupon: | 10% annualized, payable monthly if each 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 finishes below its trigger, 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 quarterly review date other than final date
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| Initial levels: | 3,689.96 for Stoxx, $85.60 for biotech fund and $35.35 for oil fund
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| Trigger levels: | 2,213.976 for Stoxx, $51.36 for biotech fund and $21.21 for oil fund; 60% of initial levels
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| Pricing date: | Nov. 3
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| Settlement date: | Nov. 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.95%
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| Cusip: | 48129HMJ3
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