By Susanna Moon
Chicago, Oct. 19 – JPMorgan Chase Financial Co. LLC priced $792,000 of autocallable contingent interest notes due Jan. 17, 2019 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 6.25% if the stock closes at or above its 70% coupon barrier on the review date for that quarter.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any review date other than the first and final dates.
The payout at maturity will be par unless the stock finishes below initial level and ever closes below its 70% trigger level 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 stocks: | Facebook Inc. (Symbol: FB)
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| Amount: | $792,000
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| Maturity: | Jan. 17, 2019
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| Coupon: | 6.25% annualized, 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 plus contingent coupon unless stock finishes below initial level and ever closes below trigger, in which case 1% loss for each 1% decline
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| Call: | At par plus contingent coupon if stock closes at or above initial level on any review date other than first and final dates
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| Initial level: | $173.74
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| Trigger level: | $121.618, 70% of initial level
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| Pricing date: | Oct. 13
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| Settlement date: | Oct. 18
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48129HFQ5
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