By Wendy Van Sickle
Columbus, Ohio, April 21 – JPMorgan Chase Financial Co. LLC priced $1.72 million of 5.7% autocallable yield notes due Oct. 24, 2018 linked to the lesser performing of the iShares MSCI EAFE ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The notes will be called at par if each asset closes at or above its initial level on any quarterly review date other than the final review date.
The payout at maturity will be par unless either asset finishes below its 80% buffer level, in which case investors will lose 1.25% for each 1% decline of the least performing asset beyond the buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying assets: | Russell 2000 and iShares MSCI EAFE ETF
|
| Amount: | $1.72 million
|
| Maturity: | Oct. 24, 2018
|
| Coupon: | 5.7%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either asset finishes below buffer level, in which case 1.25% loss for each 1% decline of least-performing asset beyond 20%
|
| Call: | At par if each asset closes at or above initial level on any quarterly review date other than final one
|
| Initial index levels: | 1,361.894 for Russell 2000 and $61.69 for ETF
|
| Pricing date: | April 19
|
| Settlement date: | April 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 46646Q6H3
|
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