By Wendy Van Sickle
Columbus, Ohio, Jan. 19 – JPMorgan Chase Financial Co. LLC priced $5.88 million of autocallable contingent interest notes due Jan. 23, 2020 linked to least performing of the common stocks of E*Trade Financial Corp., Charles Schwab Corp. and TD Ameritrade Holding Corp., according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent monthly coupon at an annual rate of 8.85% if each stock closes at or above the coupon barrier, 60% of the initial share price, on the review date for that month.
The notes will be called at par plus the contingent coupon if each stock closes at or above the initial level on any review date other than the first, second, third and final dates.
The payout at maturity will be par unless any stock finishes below its 60% 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 Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying stocks: | E*Trade Financial Corp., Charles Schwab Corp. and TD Ameritrade Holding Corp.
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| Amount: | $5,875,000
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| Maturity: | Jan. 23, 2020
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| Coupon: | 8.85% annualized for each month that each stock closes at or above coupon barrier level on review date for that month
|
| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless any stock finishes below its trigger level, in which case 1% loss for each 1% decline of the worst performing stock
|
| Call: | At par plus contingent coupon if each stock closes at or above initial share price on any review date other than the first, second, third and final dates
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| Initial levels: | $35.765 for E*Trade, $40.33 for Charles Schwab and $45.87 for TD Ameritrade
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| Barrier/trigger levels: | $21.459 for E*Trade, $24.198 for Charles Schwab and $27.522 for TD Ameritrade; 70% of initial levels
|
| Pricing date: | Jan. 17
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| Settlement date: | Jan. 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.25%
|
| Cusip: | 46646QJV8
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