By Taylor Fox
New York, Nov. 2 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due July 2, 2021 linked to the common stock of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes pay a monthly contingent interest payment at an annual rate of 20% if the stock closes above its 70% coupon barrier level on the relevant review date.
If the stock closes above its initial level on either Dec. 29 or March 29, 2021, the notes will be automatically called at par plus the contingent interest payment.
The payout at maturity will be par plus any contingent interest payment if the final level of the stock closes at or above its final barrier, 60% of its initial price.
Otherwise, investor will be full exposed to the decline of the 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 stock: | Boeing Co
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| Amount: | $500,000
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| Maturity: | July 2, 2021
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| Coupon: | 20%, payable monthly if stock closes at or above coupon barrier on review date for that period
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| Price: | Par
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| Payout at maturity: | Par plus interest payment if stock finishes above final barrier; otherwise full exposure to losses of stock
|
| Call: | At par plus interest payment if stock finishes above initial level on either Dec. 29 or March 29, 2021
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| Initial price: | $163,60
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| Coupon barrier price: | $114.52, 70% of initial price
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| Final barrier price: | $98.16, 60% of initial price
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| Pricing date: | Sept. 29
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| Settlement date: | Oct. 2
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.35%
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| Cusip: | 48132PHA5
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