By Sarah Lizee
Olympia, Wash., May 1 – JPMorgan Chase Financial Co. LLC priced $700,000 of autocallable contingent interest notes due Oct. 27, 2022 linked to the Walgreens Boots Alliance, Inc. and Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 16.5% if the lesser performing stock closes at or above its 60% coupon barrier on the review date for that quarter.
The notes will be called at par plus the contingent coupon if the lesser performing stock closes at or above 90% of its initial level on any review date other than the final date.
The payout at maturity will be par plus the coupon unless the lesser performing stock finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the lesser performing stock.
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 assets: | Walgreens Boots Alliance, Inc. and Walt Disney Co.
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| Amount: | $700,000
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| Maturity: | Oct. 27, 2022
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| Coupon: | 16.5% annualized, payable quarterly if lesser performing stock closes at or above coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus the coupon unless the lesser performing stock finishes below its trigger level, in which case investors will be fully exposed to any losses of lesser performing stock
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| Call: | At par plus contingent coupon if lesser performing stock closes at or above 90% of initial level on any review date other than final date
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| Initial levels: | $43.74 for Walgreens, $101.19 for Disney
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| Coupon barrier levels: | $26.244 for Walgreens, $60.714 for Disney, 60% of initial level
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| Trigger levels: | $26.244 for Walgreens, $60.714 for Disney, 60% of initial level
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| Pricing date: | April 24
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| Settlement date: | April 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.25%
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| Cusip: | 48132KXH3
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