By Wendy Van Sickle
Columbus, Ohio, April 5 – JPMorgan Chase Financial Co. LLC priced $1.71 million of autocallable contingent interest notes due April 16, 2019 linked to the American Depositary Shares of Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the shares closes at or above the coupon barrier, 80% of the initial price, on a quarterly review date, the issuer will pay a contingent coupon for that quarter at a rate of 16.1% per year.
After six months, if the shares close at or above the initial price on any monthly review date other than the final date, the notes will be called at par plus the contingent coupon.
If the notes are not called, the payout at maturity will be par plus the final contingent coupon unless the shares finish below the 80% trigger price, in which case investors will be exposed to the share price decline from the initial price.
J.P. Morgan Securities LLC is the underwriter.
| 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: | Alibaba Group Holding Ltd.
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| Amount: | $1.71 million
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| Maturity: | April 16, 2019
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| Coupon: | 16.1% per year, payable quarterly if stock closes at or above coupon barrier on related review date
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus the final contingent coupon unless shares finish below the trigger price, in which case investors will be exposed to the share price decline from the initial price
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| Call: | Automatically at par plus contingent coupon if shares close at or above initial price on any monthly review date after six months other than the final date
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| Initial share price: | $183.54
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| Coupon barrier: | $146.832, 80% of initial price
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| Trigger price: | $146.832, 80% of initial price
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| Pricing date: | March 29
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| Settlement date: | April 4
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| Underwriters: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48129MGM2
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