By Susanna Moon
Chicago, Jan. 30 – JPMorgan Chase Financial Co. LLC priced $6.17 million of contingent income autocallable securities due July 23, 2019 linked to Tesla, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 16.15% if the stock closes at or above the 40% downside threshold on the determination date for that month.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any determination date other than the final date.
The payout at maturity will be par unless the stock finishes below its 40% downside threshold, in which case investors will lose 1% for each 1% decline.
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: | Contingent income autocallable securities
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| Underlying stock: | Tesla, Inc. (Symbol: TSLA)
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| Amount: | $6,167,470
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| Maturity: | July 23, 2019
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| Coupon: | 16.15% annualized, payable each month if stock closes at or above downside threshold level on determination date for that month
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| Price: | Par
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| Payout at maturity: | If stock finishes above downside threshold, par; otherwise, full exposure to decline
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| Call: | At par plus contingent coupon if stock closes at or above initial level on any determination date other than the final date
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| Initial share price: | $302.26
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| Downside threshold: | $120.904, 40% of initial level
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| Pricing date: | Jan. 18
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| Settlement date: | Jan. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48130X836
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