By Marisa Wong
Morgantown, W.Va., Oct. 12 – JPMorgan Chase Financial Co. LLC priced $675,000 of autocallable contingent interest notes due Oct. 10, 2019 linked to the common stock of ConocoPhillips, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock closes at or above its 75% coupon barrier on a quarterly review date, the notes will pay a contingent coupon that quarter at an annual rate of 7%.
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 and final dates.
The payout at maturity will be par unless the stock finishes below its 75% trigger level, in which case investors will lose 1% for each 1% decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
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| Underlying stock: | ConocoPhillips (Symbol: COP)
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| Amount: | $675,000
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| Maturity: | Oct. 10, 2019
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| Coupon: | 7% annualized, payable each quarter that stock closes at or above coupon barrier on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless stock finishes below trigger price, in which case 1% loss for each 1% decline
|
| Call: | At par plus contingent coupon if stock closes at or above initial price on any review date other than first and final dates
|
| Initial price: | $48.86
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| Coupon barrier: | $36.645, 75% of initial price
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| Trigger price: | $36.645, 75% of initial price
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| Pricing date: | Oct. 6
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| Settlement date: | Oct. 12
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.25%
|
| Cusip: | 48129HFE2
|
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