By Wendy Van Sickle
Columbus, Ohio, Sept. 27 – JPMorgan Chase Financial Co. LLC priced $510,000 of autocallable contingent interest notes due Sept. 24, 2021 linked to the least performing of the common shares of Boeing Co., Micron Technology, Inc. and Acadia Healthcare Co., Inc. and the American Depository shares of Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 12.55% if each stock closes at or above its 60% coupon barrier on the review date for that period.
The notes will be called at par plus the contingent coupon if each 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 any stock finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.
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., Micron Technology, Inc. and Alibaba Group Holding Ltd.
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Amount: | $510,000
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Maturity: | Sept. 24, 2021
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Coupon: | 12.55% annualized, payable quarterly if each stock closes at or above 60% coupon barrier on review date for that period
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Price: | Par
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Payout at maturity: | Par unless any stock finishes below 50% trigger, in which case 1% loss for each 1% decline of worst performing stock
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Call: | At par plus contingent coupon if each stock closes at or above initial level on any review date other than first and final dates
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Initial levels: | $372.23 for Boeing, $44.74 for Micron and $164.63 for Alibaba
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Coupon barriers: | $223.338 for Boeing, $26.844 for Micron and $98.778 for Alibaba, 60% of initial levels
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Trigger levels: | $186.115 for Boeing, $22.37 for Micron and $82.315 for Alibaba, 50% of initial levels
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Pricing date: | Sept. 21
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Settlement date: | Sept. 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48130ULX1
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