By Angela McDaniels
Tacoma, Wash., Dec. 16 – JPMorgan Chase Financial Co. LLC priced $1.05 million of autocallable contingent interest notes due Dec. 31, 2020 linked to the class B common stock of ViacomCBS Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a contingent coupon at the rate of 13.25% per year if the stock closes at or above the trigger value, 75% of its initial share price, on the review date for that quarter.
The notes will be automatically called at par if ViacomCBS stock closes at or above its initial share price on any review date other than the final review date.
If the notes have not been called, the payout at maturity will be par unless ViacomCBS stock finishes below the trigger value, in which case investors will lose 1% for every 1% that ViacomCBS stock finishes below its initial share price.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying stock: | ViacomCBS Inc. (Symbol: VIAC)
|
| Amount: | $1.05 million
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| Maturity: | Dec. 31, 2020
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| Coupon: | 13.25% per year, payable quarterly if stock closes at or above trigger value on review date for that quarter
|
| Price: | Par
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| Payout at maturity: | Par unless ViacomCBS stock finishes below trigger value, in which case 1% loss for every 1% that stock finishes below initial share price
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| Call: | Automatically at par plus contingent coupon if ViacomCBS stock closes at or above initial share price on any quarterly review date other than final one
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| Initial share price: | $37.78
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| Trigger value: | $28.335, or 75% of initial share price
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| Pricing date: | Dec. 12
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| Settlement date: | Dec. 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
|
| Cusip: | 48132HJS2
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