By William Gullotti
Buffalo, N.Y, July 29 – JPMorgan Chase Financial Co. LLC priced $1.12 million of 7% autocallable yield notes due July 7, 2022 linked to the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus coupon if the stock closes at or above its initial level on any monthly review date after six months.
The payout at maturity will be par plus the coupon unless the stock finishes below its barrier level, 75% of its initial level, in which case investors will lose 1% for each 1% decline from the initial level.
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 stock: | Facebook, Inc.
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| Amount: | $1,121,000
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| Maturity: | July 7, 2022
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| Coupon: | 7%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par plus the final coupon unless the stock finishes below its barrier level, in which case 1% loss for each 1% decline from the stock’s initial level
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| Call: | At par plus coupon if the stock closes at or above its initial level on any monthly review date after six months
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| Initial level: | $329.13
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| Barrier level: | $246.8475; 75% of initial level
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| Pricing date: | June 1
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| Settlement date: | June 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48132UDH3
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