By Sarah Lizee
Olympia, Wash., Feb. 14 – JPMorgan Chase Financial Co. LLC priced $615,000 of autocallable contingent interest notes due Feb. 24, 2021 linked to Alphabet Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8% if the stock closes at or above its 79.5% coupon barrier on the review date for that quarter, plus any previously unpaid coupons.
The notes will be called at par plus the contingent coupon and any previously unpaid coupons 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 plus the coupon and any previously unpaid coupons unless the stock finishes below its 79.5% trigger level, in which case investors will be fully exposed to any losses.
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: | Alphabet Inc.
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Amount: | $615,000
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Maturity: | Feb. 24, 2021
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Coupon: | 8% annualized, payable quarterly if stock closes at or above coupon barrier on review date for that quarter, plus any previously unpaid coupons
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Price: | Par
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Payout at maturity: | Par plus the coupon and any previously unpaid coupons unless the stock finishes below its trigger level, in which case investors will be fully exposed to any losses
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Call: | At par plus contingent coupon and any previously unpaid coupons if stock closes at or above initial level on any review date other than final date
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Initial level: | $1,445.41
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Coupon barrier level: | $1,149.10095, 79.5% of initial level
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Trigger level: | $1,149.10095, 79.5% of initial level
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Pricing date: | Feb. 4
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Settlement date: | Feb. 7
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132H5R9
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