By Susanna Moon
Chicago, March 20 – JPMorgan Chase Financial Co. LLC priced $2.5 million of 6.25% autocallable yield notes due Sept. 6, 2019 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if each underlying asset 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 asset falls by more than 20%, in which case investors will lose 1.25% loss per 1% decline of the worse performing index or fund.
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: | Russell 2000, iShares MSCI EAFE ETF
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| Amount: | $2,503,000
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| Maturity: | Sept. 6, 2019
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| Coupon: | 6.25% annualized, payable monthly
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| Price: | Par
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| Call: | At par if each asset closes at or above initial level on any review date other than final date
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| Payout at maturity: | Par unless either asset falls by more than 20%, in which case 1.25% loss per 1% decline of worse performing index or fund
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| Initial levels: | 1,533.172 for Russell and $69.42 for fund, closing levels on March 2
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| Barrier levels: | 80% of initial levels
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| Strike date: | March 2
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| Pricing date: | March 5
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| Settlement date: | March 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.15%
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| Cusip: | 48129MCL8
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