By Susanna Moon
Chicago, July 19 – JPMorgan Chase Financial Co. LLC priced $1.42 million of contingent coupon autocallable yield notes due July 19, 2018 linked to salesforce.com, inc. shares, 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 9.65% if salesforce.com stock closes at or above the 75% coupon barrier on the observation date for that quarter.
The payout at maturity will be par plus the final coupon unless salesforce.com shares finish below the 75% trigger level, in which case investors will be fully exposed to any losses.
The notes will be called at par if the stock closes at or above initial level on any observation date other than the final date.
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: | Contingent coupon autocallable yield notes
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| Underlying stock: | salesforce.com, inc. (Symbol: CRM)
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| Amount: | $1,421,000
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| Maturity: | July 19, 2018
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| Coupon: | 9.65% per year, payable quarterly if stock closes at or above 75% coupon barrier on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above trigger level, par plus coupon; otherwise, full exposure to any losses
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| Call: | At par if stock closes at or above initial level on any observation date other than the final date
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| Initial level: | $81.40
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| Trigger level: | $61.05, 75% of initial price
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| Pricing date: | July 15
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| Settlement date: | July 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 46646EPJ5
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