By Susanna Moon
Chicago, Aug. 29 – JPMorgan Chase Financial Co. LLC priced $572,000 of autocallable contingent interest notes due Nov. 29, 2019 linked to 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 quarterly coupon at an annual rate of 8.25% if the fund closes at or above its 65% coupon barrier on the review date for that quarter.
The notes will be called at par if the fund closes at or above its initial level on any interest payment date other than the first and final dates.
The payout at maturity will be par unless the fund ever closes below its 65% trigger level during the life of the notes, in which case investors will be fully exposed to any losses.
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 fund: | SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $572,000
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| Maturity: | Nov. 29, 2019
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| Coupon: | 8.25% annualized, payable quarterly if fund closes at or above 65% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless fund ever closes below 65% trigger, in which case 1% loss for each 1% decline
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| Call: | At par if fund closes at or above its initial level on any interest payment date other than first and final dates
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| Initial level: | $41.51
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| Trigger level: | $26.9815, 65% of initial level
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| Pricing date: | Aug. 23
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| Settlement date: | Aug. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48130UDL6
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