By Susanna Moon
Chicago, July 29 – JPMorgan Chase & Co. priced $1.47 million of autocallable contingent interest notes due Aug. 1, 2018 linked to the worst performing of the common stocks of PepsiCo, Inc., Starbucks Corp. and Walgreens Boots Alliance, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a continent monthly coupon at an annualized rate of 8.75% if each stock closes at or above its coupon barrier level, 70% of its initial share price, on the review date for that month.
The notes will be called at par plus the coupon if each stock closes at or above its initial level on any quarterly review date.
The payout at maturity will be par plus the contingent coupon unless any stock finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying stocks: | PepsiCo, Inc., Starbucks Corp. and Walgreens Boots Alliance, Inc.
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| Amount: | $1,467,000
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| Maturity: | Aug. 1, 2018
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| Coupon: | 8.75% per month that each stock closes at or above barrier level on review date for that month
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless any stock finishes below trigger level, in which case full exposure to any losses of the worst performing stock
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| Call: | At par plus contingent coupon if each stock closes at or above initial share price on any quarterly review date
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| Barrier levels: | 70% of initial levels
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| Trigger levels: | 65% of initial levels
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| Pricing date: | July 27
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| Settlement date: | July 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.35%
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| Cusip: | 48125UA69
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