By Wendy Van Sickle
Columbus, Ohio, Oct. 18 – JPMorgan Chase Financial Co. LLC priced $200,000 of autocallable contingent interest notes due Oct. 23, 2019 linked to the S&P Oil & Gas Exploration & Production 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 10% if the index closes at or above its 75.15% coupon barrier on the review date for that quarter, in which case a coupon will also be paid for any previously unpaid quarter during the life of the notes.
The notes will be called at par if the index closes at or above its initial level on any interest payment date other than the final date.
The payout at maturity will be par unless the index ever closes below its 75.15% 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 index: | S&P Oil & Gas Exploration & Production Select Industry index
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| Amount: | $200,000
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| Maturity: | Oct. 23, 2019
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| Coupon: | 10% annualized, payable quarterly if index closes at or above 75.15% coupon barrier on review date for that quarter, in which case a coupon will also be paid for any previously unpaid quarter during the life of the notes
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| Price: | Par
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| Payout at maturity: | Par unless index finishes below initial level and ever closes below 75.15% trigger, in which case 1% loss for each 1% decline
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| Call: | At par if index closes at or above its initial level on any interest payment date other than final date
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| Initial level: | 6,645.26
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| Trigger level: | 4,993.91289, 75.15% of initial level
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| Pricing date: | Oct. 5
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| Settlement date: | Oct. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48130U5F8
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