By Wendy Van Sickle
Columbus, Ohio, Aug. 14 – JPMorgan Chase Financial Co. LLC priced $3.67 million of autocallable contingent interest notes due July 29, 2021 linked to the least performing of the common stocks of Nvidia Corp., Wells Fargo & Co. and CenturyLink, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 13% if each stock closes at or above its 50% coupon barrier on the review date for that month.
The notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any quarterly autocall review date.
The payout at maturity will be par unless any stock finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.
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: | Autocallable contingent interest notes
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Underlying stock: | Nvidia Corp., Wells Fargo & Co. and CenturyLink, Inc.
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Amount: | $3.67 million
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Maturity: | July 29, 2021
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Coupon: | 13% annualized, payable monthly if each stock closes at or above 50% coupon barrier on review date for that month
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Price: | Par
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Payout at maturity: | Par unless any stock closes below 50% trigger, in which case 1% loss for each 1% decline of worst performing stock
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Call: | At par plus contingent coupon if each stock closes at or above initial level on any quarterly autocall review date
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Initial levels: | $254.84 for Nvidia, $58.31 for Wells Fargo and $18.39 for CenturyLink
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Trigger levels: | $127.42 for Nvidia, $29.155 for Wells Fargo and $9.195 for CenturyLink, 50% of initial levels
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Pricing date: | July 26
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Settlement date: | July 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.35%
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Cusip: | 48129MP26
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