By Wendy Van Sickle
Columbus, Ohio, March 19 – JPMorgan Chase Financial Co. LLC priced $900,000 of 8% autocallable yield notes due March 19, 2020 linked to the common stocks of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The notes will be called at par if the stock closes at or above its initial level on any review date other than the final one.
The payout at maturity will be par unless the stock finishes below its trigger level, 70% of its initial level, in which case investors will be fully exposed to the stock’s decline.
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 yield notes
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| Underlying stock: | Boeing Co.
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| Amount: | $900,000
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| Maturity: | March 19, 2020
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| Coupon: | 8% per year, payable monthly
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| Price: | Par of $1,000
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| Payout at maturity: | Par unless stock finishes below trigger level, in which case full exposure to any losses
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| Call: | At par if stock closes at or above initial level on any review date other than the final one
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| Initial share price: | $329.98
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| Trigger level: | $230.986, 70% of initial price
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| Pricing date: | March 15
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| Settlement date: | March 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48129MEE2
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