By Wendy Van Sickle
Columbus, Ohio, June 7 – JPMorgan Chase Financial Co. LLC priced $2.03 million of autocallable contingent interest notes due May 28, 2021 linked to the lesser performing of the common stocks of Home Depot, Inc. and Lowe’s Cos., Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly contingent coupon at an annual rate of 8.2% if each stock closes at or above its 70% coupon barrier on the related review date.
The notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any review date.
The payout at maturity will be par unless either stock finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.
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 stocks: | Home Depot, Inc. and Lowe’s Cos., Inc.
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Amount: | $2,033,000
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Maturity: | May 28, 2021
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Coupon: | 8.2%, payable quarterly if each stock closes at or above its 70% coupon barrier on related review date
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Price: | Par
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Payout at maturity: | Par unless either stock closes below trigger, in which case 1% loss for each 1% decline of worst performing stock
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Call: | At par plus contingent coupon if each stock closes at or above initial level on any review date
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Initial levels: | $187.09 for Home Depot, $97.42 for Lowe’s
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Coupon barrier/trigger levels: | $130.963 for Home Depot, $68.194 for Lowe’s, 70% of initial levels
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Pricing date: | May 30
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Settlement date: | June 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.75%
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Cusip: | 48129MSU1
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