By Susanna Moon
Chicago, Sept. 21 – JPMorgan Chase Financial Co. LLC priced $2.33 million of autocallable contingent interest notes due Sept. 24, 2019 linked to the least performing of the class A common stock of Tyson Foods, Inc. and the common stocks of Archer-Daniels-Midland Co., Sysco Corp. and Mead Johnson Nutrition Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent monthly coupon at an annual rate of 10% if each stock closes at or above its coupon barrier level, 50% of its initial level, on the review date for that month.
The notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any quarterly review date.
The payout at maturity will be par unless any stock finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.
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: | Tyson Foods, Inc. (Symbol: TSN), Archer-Daniels-Midland Co. (Symbol: ADM), Sysco Corp. (Symbol: SYY) and Mead Johnson Nutrition Co. (Symbol: MJN)
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| Amount: | $2,325,000
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| Maturity: | Sept. 24, 2019
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| Coupon: | 10% annualized, payable monthly if each stock closes at or above 50% coupon barrier level on review date for that month
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| Price: | Par
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| Payout at maturity: | Par plus final coupon unless any stock finishes below trigger level, in which case full exposure to any losses 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 quarterly review date
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| Initial levels: | $74.23 for Tyson, $42.18 for ADM, $49.25 for Sysco and $77.35 for Mead Johnson
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| Trigger levels: | $37.115 for Tyson, $21.09 for ADM, $24.625 for Sysco and $38.675 for Mead Johnson; 50% of initial levels
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| Pricing date: | Sept. 19
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| Settlement date: | Sept. 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.358%
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| Cusip: | 46646EWC2
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