By Susanna Moon
Chicago, June 24 – JPMorgan Chase Financial Co. LLC priced $2.09 million of trigger callable contingent yield notes due June 25, 2018 linked to the least performing of the S&P 500 index, the Euro Stoxx 50 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 quarterly coupon at an annual rate of 11.7% if each index closes at or above its coupon barrier, 65% of its initial level, on the observation date for that quarter.
The notes are callable at par on any quarterly observation date other than the final date.
The payout at maturity will be par unless any index finishes below the 65% downside threshold level, in which case investors will be fully exposed to any losses of the worst 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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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger callable contingent yield notes
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| Underlying indexes: | S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index
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| Amount: | $2.09 million
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| Maturity: | June 25, 2018
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| Coupon: | 11.7%, payable quarterly if each index closes at or above 65% coupon barrier on quarterly observation date
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| Price: | Par of $10
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| Call option: | At par on any quarterly observation date other than the final date
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| Payout at maturity: | Par unless any index finishes below downside threshold, in which case full exposure to any losses of worst performing index
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| Initial levels: | 2,071.22 for S&P, 2,942.88 for Stoxx and 1,144.698 for Russell
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| Downside thresholds: | 1,346.29 for S&P, 1,912.87 for Stoxx and 744.054 for Russell; 65% of initial levels
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| Pricing date: | June 20
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| Settlement date: | June 27
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 46646W458
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