By Susanna Moon
Chicago, June 9 – JPMorgan Chase Financial Co. LLC priced $6.31 million of contingent income autocallable securities due May 29, 2020 linked to the common stocks of Amazon.com, Inc., the Walt Disney Co. and Starbucks Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 11.85% if each stock closes at or above its 70% downside threshold on the observation date for that quarter.
The notes will be called at par if each stock closes at or above its initial level on any quarterly determination date other than the final date.
If each stock finishes at or above its 70% downside threshold, the payout at maturity will be par plus the final coupon.
Otherwise, investors will be fully exposed to any decline of the worst performing stock.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as a dealer.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent income autocallable securities
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| Underlying stocks: | Amazon.com, Inc. (Symbol: AMZN), Walt Disney Co. (Symbol: DIS) and Starbucks Corp. (Symbol: SBUX)
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| Amount: | $6,306,990
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| Maturity: | May 29, 2020
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| Coupon: | 11.85% per year, payable quarterly if stock closes at or above its downside threshold on determination date for that quarter
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above downside threshold, par; otherwise, full exposure to decline of worst performing stock
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| Call: | At par if each stock closes at or above its initial level on any quarterly determination date other than final date
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| Initial levels: | $995.78 for Amazon, $108.41 for Disney and $63.30 for Starbucks
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| Downside thresholds: | $697.046 for Amazon, $75.887 for Disney and $44.31 for Starbucks, 70% of initial levels
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| Pricing date: | May 26
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| Settlement date: | June 1
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| Agent: | J.P. Morgan Securities LLC
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| Selected dealer: | Morgan Stanley Wealth Management
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| Fees: | 2%
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| Cusip: | 48129G109
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