By Marisa Wong
Morgantown, W.Va., July 19 – JPMorgan Chase Financial Co. LLC priced $2.1 million of 9.25% autocallable yield notes due Jan. 19, 2018 linked to least performing of the common stocks of Ford Motor Co. and General Motors Co. and the American Depository Shares of Toyota Motor Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The notes will be automatically redeemed at par if each stock closes at or above its initial level on any quarterly review date other than the final review date.
The payout at maturity will be par unless any stock closes below its trigger value, 60% of its initial level, in which case investors will be fully exposed to the decline of the least performing stock.
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 yield notes
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| Underlying stocks: | Ford Motor Co. (Symbol: F), General Motors Co. (Symbol: GM) and Toyota Motor Corp. (Symbol: TM)
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| Amount: | $2.1 million
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| Maturity: | Jan. 19, 2018
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| Coupon: | 9.25%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless any stock finishes below trigger level, in which case par plus return of least performing stock with full exposure to losses
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| Call: | Automatically at par if each stock closes at or above initial share price on any quarterly review date other than final review date
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| Initial share prices: | $13.57 for Ford, $30.77 for GM, $108.82 for Toyota
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| Trigger values: | $8.142 for Ford, $18.462 for GM, $65.292 for Toyota; 60% of initial share prices
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| Pricing date: | July 15
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| Settlement date: | July 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.583%
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| Cusip: | 46646ENY4
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