By Wendy Van Sickle
Columbus, Ohio, June 21 – JPMorgan Chase Financial Co. LLC priced $600,000 of autocallable contingent interest notes due July 6, 2017 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 quarterly coupon at an annual rate of 14.7% if the stock closes at or above its barrier level, 75% of its initial level, on the review date for that quarter.
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 other than the final one.
The payout at maturity will be par plus the contingent coupon 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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| Issue: | Autocallable contingent interest notes
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| Underlying stock: Facebook, Inc. (Nasdaq: FB)
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| Amount: | $600,000
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| Maturity: | July 6, 2017
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| Coupon: | 14.7%, payable quarterly if stock closes at or above barrier level on review date for that quarter
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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 other than the final one
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| Initial price: | $113.02
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| Barrier level: | $84.765, 75% of initial price
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| Pricing date: | June 17
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| Settlement date: | June 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 46646EHL9
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