By Susanna Moon
Chicago, Sept. 28 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due Oct. 1, 2018 linked to the class A common stock of Facebook Inc., 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 quarterly coupon at an annual rate of 9% if Facebook stock closes at or above its 75% coupon barrier on the review date for that quarter.
The notes will be called at par if the stock closes at or above its initial level on any quarterly review other than the first and final dates.
The payout at maturity will be par unless the stock finishes below its initial level and ever closes below its 75% trigger level on any day during the life of the notes, 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. (Symbol: FB)
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| Amount: | $1 million
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| Maturity: | Oct. 1, 2018
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| Coupon: | 9%, payable quarterly if stock closes at or above 75% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless stock falls and ever closes below trigger level, in which case full exposure to any losses
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| Call: | At par plus contingent coupon if stock closes at or above initial level on any quarterly review date other than first and final dates
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| Initial share price: | $127.31
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| Trigger level: | $95.4825, 75% of initial share price
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| Pricing date: | Sept. 26
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| Settlement date: | Sept. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.95%
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| Cusip: | 46646EG63
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