By Wendy Van Sickle
Columbus, Ohio, April 8 – JPMorgan Chase Financial Co. LLC priced $550,000 of 9.05% autocallable yield notes due July 1, 2022 linked to the worst performing of the Bristol-Myers Squibb Co., the General Electric Co. and the Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest will be payable quarterly.
The notes will be called at par if each stock closes at or above its call level on any quarterly review date other than the final date. The call level will start at 95% of the initial level on the first review date and step down by 5% on each subsequent date.
The payout at maturity will be par unless any stock finishes below its trigger level, 70% of its initial level, in which case investors will be fully exposed to the decline of the least performing stock.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable yield notes
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| Underlying stockes: | Bristol-Myers Squibb Co., General Electric Co. and the Microsoft Corp.
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| Amount: | $550,000
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| Maturity: | July 1, 2022
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| Coupon: | 9.05%, payable quarterly
|
| Price: | Par
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| Payout at maturity: | Par unless any stock finishes below trigger level, in which case full exposure to decline of worst performing stock
|
| Call: | At par if each stock closes at or above call level on any quarterly review date other than final date; call level will start at 95% of the initial level on the first review date and step down by 5% on each subsequent date
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| Initial levels: | $12.50 for General Electric, $235.46 for Microsoft, $62.30 for Bristol-Myers
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| Trigger levels: | $8.75 for General Electric, $164.822 for Microsoft, $43.61 for Bristol-Myers; 70% of initial levels
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| Pricing date: | March 25
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| Settlement date: | April 1
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48132TLV6
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