By Wendy Van Sickle
Columbus, Ohio, May 10 – JPMorgan Chase Financial Co. LLC priced $1.61 million of autocallable contingent interest notes due Nov. 3, 2020 linked to the least performing of the common stocks of HealthEquity, Inc., Union Pacific Corp. and Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Each quarter, the notes pay a contingent coupon at an annual rate of 19.25% if each stock closes at or above its trigger value, 70% of its initial share price, on the review date for that quarter.
The notes will be called at par if each stock closes at or above its initial share price on any review date other than the first and final review dates.
The payout at maturity will be par unless any stock finishes below its trigger value, in which case 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 contingent interest notes
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| Underlying stocks: | HealthEquity, Inc., Union Pacific Corp. and Walt Disney Co.
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| Amount: | $1.61 million
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| Maturity: | Nov. 3, 2020
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| Coupon: | 19.25% per year, payable quarterly if each stock closes at or above trigger value on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if each stock finishes at or above trigger value; otherwise, exposure to decline of least-performing stock from initial share price
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| Call: | Automatically at par plus contingent coupon if each stock closes at or above initial price on any review date other than first and final review dates
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| Initial share prices: | $72.93 for HealthEquity, $176.41 for Union Pacific, $139.30 for Disney
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| Trigger values: | $51.051 for HealthEquity, $123.487 for Union Pacific, $97.51 for Disney; 70% of initial share prices
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| Pricing date: | May 1
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| Settlement date: | May 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48132CJU8
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