New York, Dec. 14 – JPMorgan Chase Financial Co. LLC priced $5,635,200 of contingent income autocallable securities due Dec. 6, 2018 linked to Halliburton Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If Halliburton stock closes at or above the downside threshold level of $34.448 on a quarterly determination date, the notes will pay a contingent payment of 2.375% for that quarter.
If Halliburton stock closes at or above its initial price on any of the quarterly determination dates, the notes will be redeemed at par plus the contingent payment.
If the Halliburton stock finishes at or above the downside threshold level, the payout at maturity will be par plus the contingent quarterly payment.
Otherwise, investors will be fully exposed to any losses.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Halliburton Co.
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| Amount: | $5,635,200
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| Maturity: | Dec. 6, 2018
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| Contingent payment: | 2.375% for quarter if Halliburton stock closes at or above downside threshold level on determination date for that quarter
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| Price: | Par of $10.00
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| Payout at maturity: | Par plus contingent coupon if Halliburton stock finishes at or above downside threshold; otherwise full exposure to any losses
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| Call: | At par plus contingent payment if Halliburton stock closes at or above initial share price on any determination date
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| Initial share price: | $43.06
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| Trigger level: | $34.448, 80% of initial price
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| Pricing date: | Dec. 1
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| Settlement date: | Dec. 6
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| Agents: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 48129K787
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