By Susanna Moon
Chicago, Jan. 26 – JPMorgan Chase Financial Co. LLC priced $4.43 million of autocallable contingent interest notes due Feb. 6, 2019 linked to the class A common stock of Facebook, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 10% if the stock closes at or above its 76.4% 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 final date.
The payout at maturity will be par unless the stock finishes below its 76.4% trigger level, 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 contingent interest notes
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Underlying stock: | Facebook, Inc. (Symbol: FB)
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Amount: | $4.43 million
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Maturity: | Feb. 6, 2019
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Coupon: | 10% annualized, payable quarterly if stock closes at or above 76.4% 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 76.4% 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 quarterly review other than final date
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Initial level: | $181.29
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Downside threshold: | $138.50556, 76.4% of initial level
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Pricing date: | Jan. 19
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Settlement date: | Jan. 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48129HWZ6
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