By Wendy Van Sickle
Columbus, Ohio, June 12 – JPMorgan Chase Financial Co. LLC priced $140,000 of autocallable contingent interest notes due June 23, 2021 linked to Stanley Black & Decker, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 16% if the stock closes at or above its 72.25% coupon barrier on the review date for that quarter, in which case a coupon will also be paid for any previously unpaid quarter.
The notes will be called at par plus the contingent coupon if the 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 the stock finishes below its 72.25% buffer level, in which case investors will lose 1.38408% for each 1% decline beyond the buffer.
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: | Stanley Black & Decker, Inc.
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Amount: | $140,000
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Maturity: | June 23, 2021
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Coupon: | 16% annualized, payable quarterly if stock closes at or above its coupon barrier on review date for that quarter, plus any previously unpaid quarter
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Price: | Par
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Payout at maturity: | Par unless the stock finishes below its buffer level, in which case investors will lose 1.38408% for each 1% decline beyond 27.75%
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Call: | At par plus contingent coupon if stock closes at or above initial level on any review date other than the final date
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Initial level: | $146.64
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Coupon barrier/buffer level: | $105.9474, 72.25 of initial level
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Pricing date: | June 8
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Settlement date: | June 11
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132MGE5
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