By Wendy Van Sickle
Columbus, Ohio, June 21 – JPMorgan Chase Financial Co. LLC priced $11.05 million of trigger autocallable contingent yield notes due June 25, 2020 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of 7% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any quarterly observation date beginning Dec. 19, 2017.
The payout at maturity will be par plus the final coupon, if any, unless either index finishes below the downside threshold, 50% of its initial level, in which case investors will lose 1% for every 1% loss of the worse performing index.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantors: | JPMorgan Chase & Co.
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Issue: | Trigger autocallable contingent yield notes
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Underlying indexes: | Nasdaq-100, Russell 2000
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Amount: | $11.05 million
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Maturity: | June 25, 2020
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Coupon: | 7%, payable quarterly if indexes close at or above coupon barriers on observation date for that quarter
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Price: | Par of $10
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Payout at maturity: | Par unless either index finishes below downside threshold, in which case full exposure to decline of lesser-performing index
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Call: | Beginning Dec. 19, 2017, automatically at par if indexes close at or above initial levels on any quarterly observation date other than final one
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Initial index levels: | 5,772.223 for Nasdaq-100, 1,418.081 for Russell 2000
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Coupon barriers: | 4,040.556 for Nasdaq-100, 992.657 for Russell 2000; 70% of initial levels
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Pricing date: | June 19
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Settlement date: | June 22
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48129G661
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