By Wendy Van Sickle
Columbus, Ohio, May 12 – JPMorgan Chase Financial Co. LLC priced $4 million of autocallable contingent interest notes due May 15, 2019 linked to the class A common stock of Facebook, Inc., according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent monthly coupon at an annual rate of 8% if the stock closes at or above its barrier level, 70% of its initial level, on the review date for that month.
The notes will be called at par plus the contingent coupon if Facebook stock closes at or above its initial level on any quarterly review date.
The payout at maturity will be par unless Facebook stock finishes below its barrier level, in which case investors will be fully exposed to the 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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| Underlying stock: | Facebook, Inc. (Nasdaq: FB)
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| Amount: | $4 million
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| Maturity: | May 15, 2019
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| Coupon: | 8%, payable monthly if stock closes at or above barrier level on review date for that month
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| Price: | Par
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| Payout at maturity: | Par plus the contingent coupon unless the stock finishes below its barrier level, in which case investors will be fully exposed to the loss
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| Call: | At par if stock closes at or above its initial level on any quarterly review date
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| Initial price: | $120.50
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| Barrier level: | $84.35, 70% of initial price
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| Pricing date: | May 10
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| Settlement date: | May 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.275%
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| Cusip: | 46646EAF9
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