By Sarah Lizee
Olympia, Wash., June 8 – JPMorgan Chase Financial Co. LLC priced $130,000 of autocallable contingent interest notes due June 23, 2021 linked to Tyson Foods, Inc. 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 16% if the stock closes at or above its 74.9% coupon barrier on the review date for that quarter, in which case investors will also receive any previously unpaid coupons.
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 74.9% 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 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 in which case investors will also receive any previously unpaid coupons
|
| Price: | Par
|
| Payout at maturity: | Par 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: | $62.61
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| Coupon barrier/trigger level: | $46.89489, 74.9% of initial level
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| Pricing date: | June 2
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| Settlement date: | June 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132MET4
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