By William Gullotti
Buffalo, N.Y, Aug. 18 – JPMorgan Chase Financial Co. LLC priced $951,000 of 5.9% autocallable yield notes due June 16, 2022 linked to the common stock of Adobe Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par if the stock closes at or above its initial level on any monthly review date after six months.
The payout at maturity will be par plus the coupon unless the stock finishes below its trigger level, 78% of its initial level, in which case investors will be fully exposed to the losses of the stock.
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 yield notes
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Underlying stock: | Adobe Inc.
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Amount: | $951,000
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Maturity: | June 16, 2022
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Coupon: | 5.9%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless the stock finishes below its trigger level, in which case 1% loss for each 1% decline from initial level
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Call: | At par if the stock closes at or above its initial level on any monthly review date other after six months
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Initial level: | $472.09
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Trigger level: | $368.2302; 78% of initial level
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Pricing date: | May 12
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Settlement date: | May 17
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48132TL20
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