By Tali Rackner
Minneapolis, June 12 – JPMorgan Chase Financial Co. LLC priced $750,000 of autocallable contingent interest notes due June 19, 2019 linked to the common stock of Dollar Tree, Inc., according to a 424B2 filed 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 9.2% if the stock closes at or above the 70% interest barrier on the observation date for that quarter.
The notes will be called at par plus the contingent coupon if the shares close at or above the initial price on a quarterly review date other than the final date.
The payout at maturity will be par plus unless the stock finishes below its 70% trigger level, in which case investors will lose 1% for each 1% that the stock declines from its initial level.
J.P. Morgan Securities LLC is the underwriter.
| 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 asset: | Dollar Tree, Inc. (Symbol: DLTR)
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| Amount: | $750,000
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| Maturity: | June 19, 2019
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| Coupon: | 9.2%, payable quarterly if stock closes at or above 70% interest barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if shares finish at or above 70% trigger level; otherwise, 1% loss for each 1% that stock declines from initial level
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| Call: | At par plus contingent coupon if shares close at or above initial price on any quarterly review date other than final date
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| Initial level: | $96.35
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| Interest barrier/trigger level: | $67.445, 70% of initial level
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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: | 1%
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| Cusip: | 48129MYA8
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