By Marisa Wong
Morgantown, W.Va., June 20 – JPMorgan Chase Financial Co. LLC priced $2.09 million of autocallable contingent interest notes due July 3, 2019 linked to the common stock of Facebook, Inc., according to a 424B2 filed 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 the 77.4% interest barrier on the related quarterly observation date, in which case a coupon will also be paid for any previous quarter for which no coupon was paid.
The notes will be called at par plus the contingent coupon if the shares close at or above the initial price on any quarterly review date other than the final date.
The payout at maturity will be par plus unless the stock finishes below its 77.4% trigger level, in which case investors will lose 1% for each 1% that the stock declines from its initial price.
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: | $2.09 million
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| Maturity: | July 3, 2019
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| Coupon: | 10% per year, payable each quarter that stock closes at or above interest barrier on review date for that quarter, plus coupon for any previous quarter for which no coupon was paid
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if shares finish at or above trigger level; otherwise, 1% loss for each 1% that stock declines from initial price
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| Call: | At par plus contingent coupon if shares close at or above initial price on any quarterly review date other than final date
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| Initial level: | $195.85
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| Interest barrier: | $151.5879, 77.4% of initial price
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| Trigger level: | $151.5879, 77.4% of initial price
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| Pricing date: | June 15
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| Settlement date: | June 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48129M3A2
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