By Taylor Fox
New York, Dec. 30 – JPMorgan Chase Financial Co. LLC priced $300,000 of autocallable contingent interest notes due Dec. 6, 2022 linked to the common stock of Apple Inc. and the American Depositary Shares of Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes pay a quarterly contingent interest payment at an annual rate of 13.05% if both stocks close above the 75% coupon barrier level on the relevant review date.
If both stocks close above their initial levels on any quarterly review date starting after nine months, the notes will be automatically called at par plus the contingent interest payment.
The payout at maturity will be par plus any contingent interest payment if the final level of each stock closes at or above its trigger barrier, 75% of its initial price.
Otherwise, investor will be full exposed to the decline of the worst performing stock.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying stocks: | Apple Inc. and Alibaba Group Holding Ltd.,
|
| Amount: | $300,000
|
| Maturity: | Dec. 6, 2022
|
| Coupon: | 13.05% annual rate, payable quarterly if each stock closes at or above coupon barrier on review date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus interest payment if each stock finishes above final barrier; otherwise, full exposure to losses of worst performing stock
|
| Call: | At par plus interest payment if each stock finishes above initial level on any quarterly review date after nine months
|
| Initial prices: | $122.72 for Apple and $264.01 for Alibaba
|
| Coupon barrier prices: | $92.04 for Apple and $198.0075 for Alibaba; 75% of initial prices
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| Final barrier prices: | $92.04 for Apple and $198.0075 for Alibaba; 75% of initial prices
|
| Pricing date: | Dec. 2
|
| Settlement date: | Dec. 7
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132PF82
|
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