By Susanna Moon
Chicago, Jan. 19 – JPMorgan Chase Financial Co. LLC priced $4 million of trigger autocallable contingent yield notes due Jan. 16, 2020 linked to salesforce.com, inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of 9% if the shares close at or above the downside threshold level, 62% of the initial price, on the observation date for that quarter.
The notes will be called at par of $10 if the shares close at or above the initial price on any observation date after six months.
The payout at maturity will be par unless the stock finishes below the 62% downside threshold, in which case investors will be fully exposed to any losses.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying stock: | salesforce.com, inc. (Symbol: CRM)
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| Amount: | $4,003,500
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| Maturity: | Jan. 16, 2020
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| Contingent coupon: | 9%, payable quarterly if stock closes at or above downside threshold on observation date for that quarter
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| Price: | Par of $10
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| Payout at maturity: | Par unless stock finishes below downside threshold, in which case full exposure to any losses
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| Call: | At par if stock closes at or above initial level on any quarterly observation date
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| Initial price: | $75.64
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| Downside threshold: | $46.90, 62% of initial price
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| Pricing date: | Jan. 13
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| Settlement date: | Jan. 19
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48128P282
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