By Marisa Wong
Morgantown, W.Va., March 28 – JPMorgan Chase Financial Co. LLC priced $620,000 of autocallable contingent interest notes due March 26, 2020 linked to Williams-Sonoma, Inc. common stock, 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 quarterly coupon at an annual rate of 9.55% if the stock closes at or above its 60% coupon barrier on the related quarterly review date.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial value on any review date other than the final date.
The payout at maturity will be par unless the stock finishes below its 60% trigger value, in which case investors will be fully exposed to the decline.
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: | Williams-Sonoma, Inc. (Symbol: WSM)
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| Amount: | $620,000
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| Maturity: | March 26, 2020
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| Coupon: | 9.55% annualized, payable quarterly if stock closes at or above coupon barrier on related quarterly review date
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below its trigger value, in which case full exposure to losses
|
| Call: | At par plus the contingent coupon if the stock closes at or above its initial value on any review date other than the final date
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| Initial price: | $50.75
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| Coupon barrier: | $30.45, 60% of initial price
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| Trigger value: | $30.45, 60% of initial price
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| Pricing date: | March 22
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| Settlement date: | March 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48129MFD3
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