By Wendy Van Sickle
Columbus, Ohio, May 14 – JPMorgan Chase Financial Co. LLC priced $10 million of autocallable contingent interest notes due May 13, 2022 linked to the common stock of Amazon.com, 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 9.1% if the stock closes at or above its 85% coupon barrier on the review date for that month, plus any previously unpaid coupon.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless the stock finishes below 85% buffer level, in which case investors will lose 1.1765% for each 1% loss beyond 15%.
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: | Amazon.com, Inc.
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Amount: | $10 million
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Maturity: | May 13, 2022
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Coupon: | 9.1% annualized, payable monthly if stock closes at or above coupon barrier on review date for that month, plus any previously unpaid coupon
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Price: | Par
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Payout at maturity: | Par unless the stock finishes below its buffer level, in which case 1.1756% loss for each 1% loss below buffer
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Call: | At par plus contingent coupon if stock closes at or above initial level any review date other than final date
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Initial level: | $3,190.49
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Coupon barrier level: | $2,711.9165, 85% of initial level
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buffer level: | $2,711.9165, 85% of initial level
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Pricing date: | May 11
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Settlement date: | May 14
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.25%
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Cusip: | 48132TS49
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