By Wendy Van Sickle
Columbus, Ohio, Nov. 24 – JPMorgan Chase Financial Co. LLC priced $235,000 of autocallable contingent interest notes due Nov. 23, 2022 linked to the common stock of salesforce.com, inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the shares close at or above the trigger level, 75% of the initial share price, on a quarterly review date, the notes will pay a contingent coupon that quarter at an annualized rate of 10.1%.
The notes will be called at par plus the contingent coupon if the shares close at or above the initial share price on any quarterly review date other than the final review date.
If the final share price is greater than or equal to the trigger level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.
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 stock: | salesforce.com, inc.
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| Amount: | $235,000
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| Maturity: | Nov. 23, 2022
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| Coupon: | 10.1% per year, payable quarterly if shares close at or above trigger level on review date for that quarter
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| Price: | Par
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| Payout at maturity: | If final share price is greater than or equal to trigger level, par plus final contingent coupon; otherwise, 1% loss for every 1% that final share price is less than initial share price
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| Call: | At par plus contingent coupon if shares close at or above initial share price on any quarterly review date other than final review date
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| Initial share price: | $257.16
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| Trigger levels: | $192.87, 75% of initial share price
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| Pricing date: | Nov. 19
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| Settlement date: | Nov. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48132P3B8
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