By Angela McDaniels
Tacoma, Wash., Nov. 18 – JPMorgan Chase Financial Co. LLC priced $1.08 million of 8.15% autocallable yield notes due Nov. 27, 2020 linked to the common stock of FedEx Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be automatically redeemed at par if FedEx shares close at or above the initial share price on Feb. 14, 2020, May 14, 2020 or Aug. 14, 2020.
If the notes are not called, the payout at maturity will be par unless FedEx shares close below the trigger value, 70% of the initial share price, during the life of the notes and the final share price is less than the initial share price, in which case investors will lose 1% for each 1% decline in the stock from the initial share price.
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 yield notes
|
| Underlying stock: | FedEx Corp. (Symbol: FDX)
|
| Amount: | $1,075,000
|
| Maturity: | Nov. 27, 2020
|
| Coupon: | 8.15%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless FedEx shares close below trigger value during life of notes and final share price is less than initial share price, in which case 1% loss for each 1% decline in share price
|
| Call: | Automatically at par if closing share price is greater than or equal to initial share price on Feb. 14, 2020, May 14, 2020 or Aug. 14, 2020
|
| Initial share price: | $156.68
|
| Trigger price: | $109.676, 70% of initial share price
|
| Pricing date: | Nov. 14
|
| Settlement date: | Nov. 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.225%
|
| Cusip: | 48132FJ80
|
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