By Wendy Van Sickle
Columbus, Ohio, May 13 – JPMorgan Chase Financial Co. LLC priced $130,000 of autocallable contingent interest notes due June 3, 2021 linked to Tyson Foods, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 19.5% if the stock closes at or above its 70% 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 plus any coupon due unless the stock finishes below its 70% trigger level, in which case investors will be fully exposed to any losses.
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: | Tyson Foods, Inc.
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| Amount: | $130,000
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| Maturity: | June 3, 2021
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| Coupon: | 19.5% annualized, payable quarterly if stock closes at or above coupon barrier on review date for that quarter, in which case a coupon will also be paid for any previously unpaid quarter
|
| Price: | Par
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| Payout at maturity: | Par plus the coupon unless the stock finishes below its trigger level, in which case investors will be fully exposed to any losses
|
| Call: | At par plus contingent coupon if stock closes at or above initial level on any review date other than final date
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| Initial level: | $60.76
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| Coupon barrier level: | $42.532, 70% of initial level
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| Trigger level: | $42.532, 70% of initial level
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| Pricing date: | May 12
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| Settlement date: | May 15
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132KG33
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