By Wendy Van Sickle
Columbus, Ohio, June 21 – JPMorgan Chase Financial Co. LLC priced $815,000 of autocallable contingent interest notes due June 19, 2020 linked to the least performing of the common stocks of Northrop Grumman Corp., Boeing Co. and General Dynamics Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.25% if each index closes at or above its 70% coupon barrier on the review date for that quarter.
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 final date.
The payout at maturity will be par unless any stock finishes below its 70% trigger, in which case investors will lose 1% for each 1% decline 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 stocks: | Northrop Grumman Corp., Boeing Co. and General Dynamics Corp.
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| Amount: | $815,000
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| Maturity: | June 19, 2020
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| Coupon: | 8.25% annualized, payable quarterly if each underlying stock closes at or above 70% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless any stock finishes below its 70% 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 final date
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| Initial prices: | $258.59 for Northrop Grumman, $196.44 for Boeing and $202.67 for General Dynamics
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| Coupon barriers/triggers: | $181.013 for Northrop Grumman, $137.508 for Boeing and $141.869 for General Dynamics, 70% of initial prices
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| Pricing date: | June 16
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| Settlement date: | June 21
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 46647MGV9
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