By Angela McDaniels
Tacoma, Wash., July 9 – JPMorgan Chase Financial Co. LLC priced $85,000 of autocallable contingent interest notes due July 9, 2021 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 9.8% per year if Nvidia stock closes at or above the trigger value, 62% of the initial share price, on the review date for that quarter.
The notes will be automatically called at par plus the contingent coupon if the stock closes at or above the initial share price on any quarterly review date other than the first and final review dates.
If the notes have not been called, the payout at maturity will be par unless the stock finishes below its trigger value, in which case investors will lose 1% for every 1% that the stock declines from 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying stock: | Nvidia Corp. (Symbol: NVDA)
|
| Amount: | $85,000
|
| Maturity: | July 9, 2021
|
| Coupon: | 9.8% per year, payable quarterly if stock closes at or above trigger value on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless stock finishes below trigger value, in which case 1% loss for every 1% that stock finishes below initial share price
|
| Call: | Automatically at par plus contingent coupon if stock closes at or above initial share price on any quarterly review date other than first and final ones
|
| Initial share price: | $160.23
|
| Trigger value: | $99.3426, or 62% of initial share price
|
| Pricing date: | July 5
|
| Settlement date: | July 10
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.75%
|
| Cusip: | 48132CXC2
|
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