By Marisa Wong
Morgantown, W.Va., July 15 – JPMorgan Chase Financial Co. LLC priced $458,000 of 7% autocallable yield notes due July 13, 2017 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The notes will be called at par if the stock closes at or above its initial share price on Jan. 9 or April 10, 2017.
The payout at maturity will be par unless the stock closes below its trigger level, 67.5% of its initial share price, on any day during the life of the notes and finishes below its initial share price, in which case investors will be fully exposed to the stock’s decline.
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. (Symbol: FB)
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| Amount: | $458,000
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| Maturity: | July 13, 2017
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| Coupon: | 7% per year, payable monthly
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| Price: | Par of $1,000
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| Payout at maturity: | Par unless stock closes below trigger level on any day during life of notes and finishes below initial price, in which case par plus stock return with full exposure to any losses
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| Call: | At par if stock closes at or above initial level on Jan. 9 or April 10, 2017
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| Initial share price: | $117.24
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| Trigger level: | $76.206, 67.5% of initial price
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| Pricing date: | July 8
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| Settlement date: | July 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 46646EJQ6
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