By Susanna Moon
Chicago, Feb. 11 – JPMorgan Chase & Co. priced $2.31 million of autocallable contingent interest notes due Feb. 9, 2018 linked to the worse performing of the common stock of Walt Disney Co. and the class B common stock of CBS Corp.
The notes will pay a contingent quarterly payment at an annual rate of 8.75% if each stock closes at or above the 70% interest barrier level on the determination date for that quarter.
If each stock closes at or above the initial level on any review date other than the final date, the notes will be called at par plus the contingent coupon.
If the notes are not called and each stock finishes at or above the 70% trigger level, the payout at maturity will be par plus the contingent payment.
Otherwise, investors will share in any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying stocks: | Walt Disney Co. (Symbol: DIS) and CBS Corp. (Symbol: CBS)
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| Amount: | $2,306,000
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| Maturity: | Feb. 9, 2018
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| Coupon: | 8.75%, payable if each stock closes at or above trigger level on quarterly review date
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above trigger level, par plus contingent payment; otherwise, investors will share in any losses of worse performing stock
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| Call: | At par plus contingent coupon each stock closes at or above initial level on any review date other than final date
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| Trigger levels: | 70% of initial levels
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| Pricing date: | Feb. 6
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| Settlement date: | Feb. 11
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.35%
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| Cusip: | 48125UAG7
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