By Tali Rackner
Minneapolis, April 12 – JPMorgan Chase Financial Co. LLC priced $875,000 of autocallable contingent interest notes due April 24, 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 10% if the stock closes at or above its 64% interest 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 price on any review date other than the final date.
The payout at maturity will be par unless the final stock price is below its 64% trigger level, in which case investors will lose 1% for each 1% that the stock is less than its initial level.
The final stock price will be the average of the closing prices for the five days ending April 18, 2019.
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: | $875,000
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| Maturity: | April 24, 2019
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| Coupon: | 10% annualized, payable quarterly if stock closes at or above 64% interest barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless final stock price is below 64% 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 price on any quarterly review date other than final date
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| Initial stock price: | $157.20
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| Interest barrier/trigger level: | $100.608, 64% of initial price
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| Pricing date: | April 6
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| Settlement date: | April 11
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48129MLG9
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