By Susanna Moon
Chicago, Nov. 11 – JPMorgan Chase Financial Co. LLC priced $383,000 of autocallable contingent interest notes due Feb. 13, 2018 linked to Walt Disney Co. shares, according to a 424B2 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 5.25% if Disney shares close at or above the barrier level, 75% of the initial share price, on the review date for that quarter.
The notes will be called at par plus the contingent coupon if Disney shares close at or above the initial level on any review date other than the first and final dates.
The payout at maturity will be par unless the stock finishes below its 75% trigger level, in which case investors will be fully exposed to any losses.
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 shares: | Walt Disney Co (Symbol: DIS)
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| Amount: | $383,000
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| Maturity: | Feb. 13, 2018
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| Coupon: | 5.25% annualized for each quarter that Disney stock closes at or above barrier level on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless the stock finishes below its trigger level, in which case 1% loss for each 1% decline
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| Call: | At par plus contingent coupon if Disney shares close at or above initial share price on any review date other than first and final dates
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| Initial share price: | $94.38
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| Barrier/trigger level: | $70.785, 75% of initial share price
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| Pricing date: | Nov. 8
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| Settlement date: | Nov. 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 46646E5U2
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