By Susanna Moon
Chicago, July 27 – JPMorgan Chase Financial Co. LLC priced $3.43 million of 6.6% autocallable yield notes due July 26, 2018 linked to class A common stock of Facebook, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if the stock closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless the stock finishes below its initial level and ever closes below its 75% trigger level during the life of the notes, in which case investors will be fully exposed to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
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: | $3,431,000
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| Maturity: | July 26, 2018
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| Issue price: | Par
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| Coupon: | 6.6% annualized, payable monthly
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| Payout at maturity: | Par unless stock falls and ever dips below 75% trigger, in which case full exposure to any losses
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| Call: | At par if stock closes at or above initial level on any review date other than final date
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| Initial level: | $164.43
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| Trigger level: | $123.3225, 75% of initial level
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| Pricing date: | July 21
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| Settlement date: | July 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 46647MXB4
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