By Sarah Lizee
Olympia, Wash., April 2 – JPMorgan Chase Financial Co. LLC priced $750,000 of autocallable contingent interest notes due Sept. 28, 2022 linked to the common stock of Whirlpool Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a contingent coupon at the rate of 20% per year if the stock closes at or above the trigger value, 50% of its initial share price, on the review date for that quarter.
The notes will be automatically called at par if the stock closes at or above 95% of its initial share price on any review date other than the final review date.
If the notes have not been called, the payout at maturity will be par unless the stock finishes below the trigger value, in which case investors will lose 1% for every 1% that the stock finishes below its initial share price.
The notes are guaranteed by JPMorgan Chase & Co.
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 stock: | Whirlpool Corp.
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| Amount: | $750,000
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| Maturity: | Sept. 28, 2022
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| Coupon: | 20% per year, payable quarterly if stock closes at or above trigger value on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless the stock finishes below the trigger value, in which case investors will lose 1% for every 1% that the stock finishes below its initial share price
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| Call: | Automatically at par plus contingent coupon if stock closes at or above 95% of initial share price on any quarterly review date other than final date
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| Initial share price: | $82.39
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| Trigger value: | $41.195, or 50% of initial share price
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| Pricing date: | March 25
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| Settlement date: | March 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.25%
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| Cusip: | 48132KND3
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