By Susanna Moon
Chicago, April 25 – JPMorgan Chase Financial Co. LLC priced $470,000 of autocallable contingent interest notes due May 8, 2019 linked to the S&P Regional Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.7% if the index closes at or above its 80% coupon barrier on the review date for that quarter.
The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless the index finishes below its 80% trigger level, 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 indexes: | S&P Regional Banks Select Industry
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| Amount: | $470,000
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| Maturity: | May 8, 2019
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| Coupon: | 8.7% annualized, payable quarterly if index closes at or above 80% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless index closes below 80% trigger, in which case 1% loss for each 1% decline
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| Call: | At par plus contingent coupon if each index closes at or above initial level on any review date other than the final date
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| Initial level: | 1,917.44
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| Trigger level: | 1,533.952, 80% of initial level
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| Pricing date: | April 20
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| Settlement date: | April 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48129MNL6
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