By Kiku Steinfeld
Chicago, June 14 – JPMorgan Chase Financial Co. LLC priced $1.46 million of autocallable contingent interest notes due June 3, 2022 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon plus any previously unpaid coupons at an annual rate of 9.22% if the stock closes at or above its 80% 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 80% 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: | $1.46 million
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| Maturity: | June 3, 2022
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| Coupon: | 9.22% annualized, payable quarterly plus any previously unpaid coupons if stock closes at or above 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 any review date other than final date
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| Initial level: | $169.68
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| Coupon barrier level: | $135.744, 80% of initial level
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| Trigger level: | $135.744, 80% of initial level
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| Pricing date: | May 19
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| Settlement date: | May 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132UAM5
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