By Sarah Lizee
Olympia, Wash., June 10 – JPMorgan Chase Financial Co. LLC priced $577,000 of autocallable contingent interest notes due Sept. 10, 2021 linked to FedEx Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 12% if the stock closes at or above its 68% 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 review dates.
The payout at maturity will be par unless the stock finishes below its 68% 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying stock: | FedEx Corp.
|
| Amount: | $577,000
|
| Maturity: | Sept. 10, 2021
|
| Coupon: | 12% annualized, payable quarterly if stock closes at or above its coupon barrier on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below its trigger level, in which case investors will be fully exposed to any losses
|
| Call: | At par plus contingent coupon if stock closes at or above initial level on any review date other than first and final dates
|
| Initial level: | $142.21
|
| Coupon barrier/trigger level: | $96.7028, 68% of initial level
|
| Pricing date: | June 5
|
| Settlement date: | June 10
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48132MFE6
|
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