By Taylor Fox
New York, Feb. 16 – JPMorgan Chase Financial Co. LLC priced $888,000 of autocallable contingent interest notes due Feb. 17, 2022 linked to the common stock of lululemon athletica inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes pay a monthly contingent interest payment at an annual rate of 12.75% if the stock closes above its 69% interest barrier price on the related review date.
If the stock closes above its call price, 100% of its initial price, on any monthly review date after six months, the notes will be automatically called at par plus the contingent interest payment.
The payout at maturity will be par plus the final coupon if the stock finishes at or above its 69% trigger price.
Otherwise, investors will be fully exposed to the decline of the stock.
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: | lululemon athletica inc.
|
| Amount: | $888,000
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| Maturity: | Feb. 17, 2022
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| Coupon: | 12.75% annual rate, payable monthly, if stock closes at or above coupon barrier on review date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus interest payment if stock finishes at or above trigger price; otherwise, full exposure to losses of stock
|
| Call: | At par plus interest payment if stock closes above 100% of initial price on monthly review date after six months
|
| Initial price: | $356.93
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| Interest barrier/trigger price: | $246.2817, 69% of initial price
|
| Pricing date: | Jan. 12
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| Settlement date: | Jan. 15
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48132RGW4
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