By Tali Rackner
Minneapolis, Feb. 8 – JPMorgan Chase Financial Co. LLC priced $4.42 million of autocallable yield notes due May 1, 2019 linked to the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The interest rate will be 6.75% per year, payable monthly.
The notes will be called at par if Facebook shares close at or above the initial price on any quarterly review date other than the final date.
The payout at maturity will be par unless the stock closes below initial value or ever finishes below its 75% trigger price on any day during the life of the notes, in which case investors will lose 1% for every 1% that the stock declines.
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 yield notes
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| Underlying stock: | Facebook, Inc. (Symbol: FB)
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| Amount: | $4,416,000
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| Maturity: | May 1, 2019
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| Coupon: | 6.75%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below initial value or ever finishes below trigger price on any day during life of the notes, in which case 1% loss for every 1% that the stock declines
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| Call: | At par if stock closes at or above the initial price on any quarterly review date other than final date
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| Initial price: | $190
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| Trigger price: | $142.50, 75% of initial price
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48129HL21
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