By Susanna Moon
Chicago, April 10 – JPMorgan Chase Financial Co. LLC priced $1.45 million of autocallable contingent interest notes due April 16, 2019 linked to Boeing Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10% if the stock closes at or above its 63.8% coupon barrier on the review date for that quarter.
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 final date.
The payout at maturity will be par unless the stock finishes below its 63.8% trigger level, in which case investors will be fully exposed to any losses.
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: | Boeing Co. (Symbol: BA)
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| Amount: | $1.45 million
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| Maturity: | April 16, 2019
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| Coupon: | 10% annualized, payable quarterly if stock closes at or above 63.8% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless stock closes below 63.8% trigger, in which case 1% loss for each 1% decline
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| Call: | At par plus contingent coupon if stock closes at or above initial level on any quarterly review date other than final date
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| Initial level: | $327.88
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| Trigger level: | $209.18744, 63.8% of initial level
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| Pricing date: | March 29
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| Settlement date: | April 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48129MKQ8
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