By Susanna Moon
Chicago, May 9 – JPMorgan Chase Financial Co. LLC priced $1.36 million of autocallable contingent interest notes due May 7, 2020 linked to the Ford Motor Co. 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 7.3% if the stock closes at or above its 70% 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 dates.
The payout at maturity will be par unless the stock finishes below its 70% trigger level, in which case investors will lose 1% for each 1% decline.
The notes are guaranteed by JPMorgan Chase & Co.
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 stock: | Ford Motor Co. (Symbol: F)
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| Amount: | $1,355,000
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| Maturity: | May 7, 2020
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| Coupon: | 7.3% annualized, payable quarterly if stock closes at or above 70% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus final coupon unless stock finishes below 70% trigger, in which case 1% loss for each 1% decline
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| Call: | At par plus contingent coupon if stock closes at or above initial level on any review date other than the first and final dates
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| Initial level: | $10.92
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| Trigger level: | $7.644, 70% of initial level
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| Pricing date: | May 2
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| Settlement date: | May 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.25%
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| Cusip: | 46647MBN2
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