By Sarah Lizee
Olympia, Wash., April 21 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due July 19, 2021 linked to Twitter, 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 10.35% if the stock closes at or above its 60% 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 80% of its initial level on any review date other than the first and final dates.
The payout at maturity will be par plus the coupon unless the stock finishes below its 50% 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: | Twitter, Inc.
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| Amount: | $500,000
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| Maturity: | July 19, 2021
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| Coupon: | 10.35% annualized, payable quarterly if stock closes at or above coupon barrier on review date for that 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 80% of initial level on any review date other than first and final date
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| Initial level: | $27.94
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| Coupon barrier level: | $16.764, 60% of initial level
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| Trigger level: | $13.97, 50% of initial level
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| Pricing date: | April 14
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| Settlement date: | April 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48132KRX5
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