New Issue: JPMorgan prices $10 million autocallable securities linked to three stocks

By Wendy Van Sickle

Columbus, Ohio, April 13 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% autocallable securities due April 14, 2022 linked to Microsoft Corp., Alphabet Inc. and salesforce.com stock, according to a 424B2 filing with the Securities and Exchange Commission.

If each stock closes at or above its initial level on an annual determination date, the notes will be called at par plus 14.45% a year.

The payout at maturity will be $17.225 per $10 note if each stock closes above its 60% downside threshold level.

Otherwise, investors will be fully exposed to any losses of the worst-performing stock.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Issue:	Autocallable securities
Underlying stocks:	Microsoft Corp., Alphabet Inc. and salesforce.com
Amount:	$10 million
Maturity:	April 14, 2022
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	$17.225 per $10 note if each stock closes above 60% downside threshold; otherwise, full exposure to any losses of the worst-performing stock
Call:	At par plus 14.45% a year if each stock closes above initial level on annual observation date
Initial share prices:	$64.48 for Microsoft, $823.35 for Alphabet, $83.86 for salesforce.com
Trigger levels:	$39.288 for Microsoft, $494.01 for Alphabet, $50.316 for salesforce.com, 60% of initial prices
Pricing date:	April 11
Settlement date:	April 17
Agents:	J.P. Morgan Securities LLC
Fees:	0.9%
Cusip:	48128F382

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