By Susanna Moon
Chicago, March 16 – JPMorgan Chase Financial Co. LLC priced $808,000 of autocallable contingent interest notes due June 14, 2018 linked to the class A common stock of Facebook Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7.25% if Facebook stock closes at or above the 70% coupon barrier on a review date for that quarter.
The notes will be called at par plus the contingent coupon if the shares close at or above the initial price on a quarterly review date other than the first and final dates.
The payout at maturity will be par plus the contingent coupon unless Facebook shares finish below its initial level and ever close below the 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses.
The notes will be guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the underwriter.
| 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: | $808,000
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| Maturity: | June 14, 2018
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| Coupon: | 7.25%, payable quarterly if stock closes at or above 70% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless Facebook shares fall and ever dip below 70% trigger, in which case par plus stock return
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| Call: | At par plus contingent coupon if Facebook shares close at or above initial price on a quarterly review date other than the first and final dates
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| Initial share price: | $138.79
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| Trigger price: | $97.153, 70% of initial price
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| Pricing date: | March 10
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| Settlement date: | March 15
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| Underwriters: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 46646QH32
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