By Devika Patel
Knoxville, Tenn., April 13 – JPMorgan Chase Financial Co. LLC priced $1.28 million of autocallable contingent interest notes due April 15, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
JPMorgan Chase & Co. is the guarantor.
The notes will pay a semiannual contingent coupon at an annual rate of 10.75% if the index closes at or above its coupon barrier level, 85% of its initial level, on the review date for that semiannual period.
The notes will be automatically called at par plus the contingent coupon if the index closes at or above its initial level on any annual review date beginning April 11, 2018.
If the notes have not been called, the payout at maturity will be par plus the coupon, if any, if the index finishes at or above its trigger value, 52% of its initial level.
Otherwise investors will lose 1% for each 1% decline of the index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,275,000
|
| Maturity: | April 15, 2027
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| Coupon: | Notes pay semiannual contingent coupon at annual rate of 10.75% if index closes at or above coupon barrier level on review date for that semiannual period
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon, if any, unless index finishes below 52% of its initial value, in which case 1% loss for each 1% decline from initial level
|
| Call: | Automatically at par plus contingent coupon if index closes at or above initial level on any annual review date beginning April 11, 2018
|
| Initial level: | 3,470.04
|
| Coupon barrier level: | 2,949.534, 85% of initial level
|
| Trigger level: | 1,804.4208, 52% of initial level
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| Pricing date: | April 11
|
| Settlement date: | April 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 46646Q5B7
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