By Kiku Steinfeld
Chicago, June 18 – JPMorgan Chase Financial Co. LLC priced $1.01 million of autocallable contingent interest notes due Sept. 13, 2022 linked to Facebook, Inc. shares, 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 monthly coupon at an annualized rate of 8% if the stock closes at or above its coupon barrier level, 75% of the initial level, on the observation date for that month.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any monthly valuation date other than the first through fifth and final dates.
The payout at maturity will be par plus the contingent coupon unless the stock finishes below its initial price and ever closes below its 75% trigger level, in which case investors will be fully exposed to any losses.
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 stock: | Facebook, Inc.
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| Amount: | $1,011,000
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| Maturity: | Sept. 13, 2022
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| Coupon: | 8% per year, payable each month that stock closes at or above its 75% coupon barrier on the observation date for that month
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| Price: | Par
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| Payout at maturity: | Par unless stock closes below its initial price and ever closes below its trigger level, in which case full exposure to any losses
|
| Call: | At par plus the contingent coupon if stock closes at or above the initial level on any monthly valuation date other than first through fifth and final date
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| Initial level: | $333.68
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| Coupon barrier: | $250.26, 75% of initial level
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| Trigger level: | $250.26, 75% of initial level
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| Pricing date: | June 8
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| Settlement date: | June 11
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48132UKN2
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