By Wendy Van Sickle
Columbus, Ohio, Dec. 30 – JPMorgan Chase Financial Co. LLC priced $6 million of autocallable contingent interest notes due Jan. 2, 2019 linked to least performing of the class B common stock of Nike, Inc. and the common stocks of Ford Motor Co. and Pfizer Inc., according to a 424B2 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 each stock closes at or above the coupon barrier, 70% of the initial share price, on the review date for that quarter.
The notes will be called at par plus the contingent coupon if each stock closes at or above the initial level on any review date other than the final date.
The payout at maturity will be par unless any stock finishes below its 53% trigger level, in which case investors will be fully exposed to any losses of the worst 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 contingent interest notes
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| Underlying stocks: | Nike, Inc. (Symbol: NKE), Ford Motor Co. (Symbol: F) and Pfizer Inc. (Symbol: PFE)
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| Amount: | $6 million
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| Maturity: | Jan. 2, 2019
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| Coupon: | 10% annualized for each quarter that each stock closes at or above coupon barrier level on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless any stock finishes below its trigger level, in which case 1% loss for each 1% decline of the worst performing stock
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| Call: | At par plus contingent coupon if each stock closes at or above initial share price on any review date other than final date
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| Initial levels: | $52.30 for Nike, $12.64 for Ford and $32.40 for Pfizer
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| Barrier levels: | $36.61 for Nike, $8.848 for Ford and $22.68 for Pfizer; 70% of initial levels
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| Trigger levels: | $27.719 for Nike, $6.6992 for Ford and $17.172 for Pfizer; 53% of initial levels
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| Pricing date: | Dec. 22
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| Settlement date: | Dec. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.25%
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| Cusip: | 46646QGJ8
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