By Wendy Van Sickle
Columbus, Ohio, Nov. 27 – JPMorgan Chase Financial Co. LLC priced $4.2 million of autocallable contingent interest notes due Nov. 25, 2020 linked to the least performing of the common stocks of Celgene Corp., Bristol-Myers Squibb Co. and Walt Disney 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 7.1% if each stock closes at or above its 55% coupon barrier on the review date for that period.
The notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any quarterly autocall review date after six months.
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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying stocks: | Celgene Corp., Bristol-Myers Squibb Co. and Walt Disney Co.
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| Amount: | $4,195,000
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| Maturity: | Nov. 25, 2020
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| Coupon: | 7.1% annualized, payable monthly if each stock closes at or above 50% coupon barrier on review date that period
|
| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless any stock finishes below trigger, in which case 1% loss for each 1% decline of worst performing stock
|
| Call: | At par plus contingent coupon if each stock closes at or above initial level on any quarterly autocall review date after six months
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| Initial levels: | $103.15 for Celgene, $60.80 for Bristol-Myers and $102.75 for Walt Disney
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| Coupon barrier levels: | $56.7325 for Celgene, $33.44 for Bristol-Myers and $56.5125 for Walt Disney; 55% of initial levels
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| Trigger levels: | $51.575 for Celgene, $30.40 for Bristol-Myers and $51.375 for Walt Disney; 50% of initial levels
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| Pricing date: | Nov. 20
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| Settlement date: | Nov. 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.15%
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| Cusip: | 48129HPN1
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