By Kiku Steinfeld
Chicago, June 16 – JPMorgan Chase Financial Co. LLC priced $534,000 of autocallable contingent interest notes due June 23, 2022 linked to the common shares of Zendesk, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 10% if the stock closes at or above its 72% coupon barrier on the review date for that month.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any review date other than the first through fifth and final dates.
The payout at maturity will be par unless the stock finishes below 72% trigger level, in which case investors will lose 1% for every 1% decline.
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 stock: | Zendesk, Inc.
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Amount: | $534,000
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Maturity: | June 23, 2022
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Coupon: | 10% annualized, payable monthly if stock closes at or above coupon barrier on review date for that month
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Price: | Par
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Payout at maturity: | Par unless the stock finishes below its trigger level, in which case investors will lose 1% for every 1% decline
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Call: | At par plus contingent coupon if stock closes at or above initial level any review date other than first through fifth and final dates
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Initial level: | $133.35
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Coupon barrier level: | $96.012, 72% of initial level
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Trigger level: | $96.012, 72% of initial level
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Pricing date: | May 19
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Settlement date: | May 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48132TT30
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