By Sarah Lizee
Olympia, Wash., April 16 – JPMorgan Chase Financial Co. LLC sold $1.63 million of 7.05% autocallable yield notes due Oct. 19, 2020 linked to the worst performing of the common stock of Applied Materials, Inc., the American Depositary Shares of Alibaba Group Holding Ltd. and the common stock of Coca-Cola Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest rate will payable monthly.
The notes will be called at par if each stock closes at or above 95% of its initial level on any monthly review date other than the final one.
The payout at maturity will be par unless either stock finishes below its trigger level, 50% of its initial level, in which case investors will lose 1% for every 1% that the least-performing stock finishes below its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
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| Underlying stocks: | Applied Materials, Inc., Alibaba Group Holding Ltd. Coca-Cola Co.
|
| Amount: | $1.63 million
|
| Maturity: | Oct. 19, 2020
|
| Coupon: | 7.05%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either stock finishes below trigger level, in which case 1% loss for every 1% decline of worse performing stock from initial level
|
| Call: | At par if each stock closes at or above the initial level on any monthly review date other than the final one
|
| Initial levels: | $42.47 for Applied, $184.98 for Alibaba, $46.71 for Coca-Cola
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| Trigger levels: | $21.235 for Applied, $92.49 for Alibaba, $23.355 for Coca-Cola, 50% of initial levels
|
| Pricing date: | April 12
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| Settlement date: | April 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.75%
|
| Cusip: | 48132CBX0
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