New York, July 14 – JPMorgan Chase Financial Co. LLC priced $4.79 million of autocallable yield notes due Jan. 18, 2019 linked to the common stocks eBay Inc., Tiffany & Co. and Celgene Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a monthly coupon at an annual rate of 6%.
The notes will be called at par if each stock closes at or above its call level on any monthly review date. The call level will be 95% of the initial level.
The payout at maturity will be par plus the final coupon unless any stock finishes below its 56% trigger value, in which case investors will lose 1% for each 1% decline of the least performing stock.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying stocks: | eBay Inc., Tiffany & Co. and Celgene Corp.
|
| Amount: | $4,786,000
|
| Maturity: | Jan. 18, 2019
|
| Coupon: | 6%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus the final coupon unless any stock finishes below trigger level, in which case 1% loss for each 1% decline of least performing stock
|
| Call: | At par if each stock closes at or above call level on any monthly review date; call level is 95% of initial level
|
| Initial levels: | $35.19 for eBay, $90.84 for Tiffany, $132.25 for Celgene
|
| Trigger levels: | $19.7064 for eBay, $50.8704 for Tiffany, $74.06 for Celgene; 56% of initial levels
|
| Pricing date: | July 12
|
| Settlement date: | July 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.75%
|
| Cusip: | 46647MXC2
|
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