By Sarah Lizee
Olympia, Wash., June 16 – JPMorgan Chase Financial Co. LLC priced $1.28 million of autocallable contingent interest notes due June 30, 2021 linked to Walt Disney Co. 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 12% if the stock closes at or above its 77% coupon barrier on the review date for that 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 unless the stock finishes below its 77% 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: | Walt Disney Co.
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| Amount: | $1.28 million
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| Maturity: | June 30, 2021
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| Coupon: | 12% annualized, payable quarterly if stock closes at or above its coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless the stock finishes below its trigger level, in which case investors will be fully exposed to any losses
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| 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: | $115.49
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| Coupon barrier/trigger level: | $88.9273, 77% of initial level
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| Pricing date: | June 12
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| Settlement date: | June 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132MGQ8
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