By Susanna Moon
Chicago, Aug. 26 – JPMorgan Chase Financial Co. LLC priced $612,000 of autocallable contingent interest notes due March 1, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent monthly coupon at an annual rate of 7.25% if each index closes above its 65% coupon barrier on the observation date for that month.
The notes will be called at par if each index closes at or above its initial level on Aug. 24, 2017 or Nov. 24, 2017.
The payout at maturity will be par unless either index finishes below its 65% trigger level, in which case investors will be fully exposed to any losses in the worse performing index.
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 500 and Russell 2000
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| Amount: | $612,000
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| Maturity: | March 1, 2018
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| Coupon: | 7.25% per year, payable monthly if each index closes at or above 70% coupon barrier on review date for that month
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| Price: | Par
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| Payout at maturity: | Par unless either index finishes below trigger level, in which case full exposure to losses of worse performing index
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| Call: | At par plus contingent coupon if each index closes at or above initial level on Aug. 24, 2017 or Nov. 24, 2017
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| Initial levels: | 2,175.44 for S&P and 1,237.250 for Russell
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| Trigger levels: | 1,522.808 for S&P and 866.075 for Russell; 70% of initial levels
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| Pricing date: | Aug. 24
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| Settlement date: | Aug. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 46646EUU4
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