By Angela McDaniels
Tacoma, Wash., Jan. 15 – JPMorgan Chase Financial Co. LLC priced $1.01 million of 5.25% autocallable yield notes due July 20, 2020 linked to the least performing of the common stocks of AbbVie Inc., McDonald’s Corp. and Verizon Communications Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
Beginning April 11, the notes will be called at par if each stock closes at or above its call value, 95% of its initial share price, on any monthly review date other than the final review date.
If each stock finishes at or above its trigger value, 50% of its initial share price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the least-performing stock.
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 yield notes
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| Underlying stocks: | AbbVie Inc. (Symbol: ABBV), McDonald’s Corp. (Symbol: MCD) and Verizon Communications Inc. (Symbol: VZ)
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| Amount: | $1.01 million
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| Maturity: | July 20, 2020
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| Coupon: | 5.25%, payable monthly
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above trigger value, par; otherwise, 1% loss for every 1% that least-performing stock declines from initial share price
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| Call: | Beginning April 11, notes will be called at par if each stock closes at or above call value on any monthly review date other than final review date
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| Initial share prices: | $88.31 for AbbVie, $182.37 for McDonald’s and $58.02 for Verizon
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| Call values: | $83.89 for AbbVie, $173.25 for McDonald’s and $55.12 for Verizon; 95% of initial share prices
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| Trigger values: | $44.155 for AbbVie, $91.185 for McDonald’s and $29.01 for Verizon; 50% of initial share prices
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| Pricing date: | Jan. 11
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| Settlement date: | Jan. 18
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48130WSF9
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