By Susanna Moon
Chicago, Aug. 24 – JPMorgan Chase Financial Co. LLC priced $370,000 of autocallable contingent interest notes due Sept. 5, 2019 linked to Facebook, Inc. stock, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10% if the stock closes at or above the 73% coupon barrier on the observation date for that quarter.
The notes will be called at par plus the contingent coupon if the shares close at or above the initial price on a quarterly review date other than the final date.
The payout at maturity will be par plus unless the stock finishes below its 73% 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 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 asset: | Facebook, Inc. (Symbol: FB)
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| Amount: | $370,000
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| Maturity: | Sept. 5, 2019
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| Coupon: | 10%, payable quarterly if stock closes at or above 73% 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 if shares finish at or above 73% trigger level; otherwise, par plus stock return
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| Call: | At par plus contingent coupon if shares close at or above initial price on quarterly review date other than final date
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| Initial level: | $173.80
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| Trigger level: | $126.874, 73% of the initial level
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| Pricing date: | Aug. 17
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| Settlement date: | Aug. 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48130UCL7
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