By Susanna Moon
Chicago, Feb. 4 – JPMorgan Chase Financial Co. LLC priced $70,000 of 10.35% autocallable yield notes due April 27, 2020 linked to the lesser performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if each index closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless either index finishes below its initial level and ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.
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 yield notes
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| Underlying indexes: | Nasdaq-100 and Russell 2000
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| Amount: | $70,000
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| Maturity: | April 27, 2020
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| Issue price: | Par
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| Coupon: | 10.35% annualized, payable monthly
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| Call: | At par if each index closes at or above initial level on any quarterly review date other than the final date
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| Payout at maturity: | Par unless either index finishes below its initial level and ever closes below 65% trigger level, in which case full exposure to any losses of worse performing index
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| Initial levels: | 1,457.454 for Russell and 6,646.813 for Nasdaq
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| Barrier levels: | 1,020.2178 for Russell and 4,652.7691 for Nasdaq; 70% of initial levels
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| Pricing date: | Jan. 22
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| Settlement date: | Jan. 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.1%
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| Cusip: | 48130WSY8
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