By Susanna Moon
Chicago, Feb. 9 – JPMorgan Chase Financial Co. LLC priced $1.1 million of autocallable contingent interest notes due Feb. 8, 2018 linked to the common stocks of Citigroup Inc., Goldman Sachs Group, Inc. and Wells Fargo & Co., 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 7.65% if each stock closes at or above its coupon barrier, 60% of its initial level, on the review date for that quarter.
The notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any review date other than the first and final dates.
The payout at maturity will be par unless any stock finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.
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 contingent interest notes
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| Underlying stocks: | Citigroup Inc. (Symbol: C), Goldman Sachs Group, Inc. (Symbol: GS) and Wells Fargo & Co. (Symbol: WFC)
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| Amount: | $1.1 million
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| Maturity: | Feb. 8, 2018
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| Issue price: | Par
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| Coupon: | 7.65% annualized, payable quarterly if each stock closes at or above 60% coupon barrier on review date for that quarter
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| Payout at maturity: | Par unless any stock finishes below 60% trigger, in which case full exposure to any losses of worst performing stock
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| Call: | At par plus contingent coupon if each stock closes at or above initial level on any review date other than first and final dates
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| Strike level: | $56.05 for Citigroup, $230.67 for Goldman and $55.91 for Wells
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| Trigger level: | $33.63 for Citigroup, $138.402 for Goldman and $33.546 for Wells, 60% of initial level
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| Strike date: | Feb. 1
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| Pricing date: | Feb. 2
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| Settlement date: | Feb. 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 46646QKJ3
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