New York, April 17 – JPMorgan Chase Financial Co. LLC priced $1.73 million of 15% autocallable contingent interest notes due Oct. 16, 2020 linked to the least performing of the common stocks of Apple Inc., Boeing Co. and Goldman Sachs Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 15% if each stock closes at or above its 70% interest barrier on the review date for that quarter.
The notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any quarterly review date except the final one.
The payout at maturity will be par unless any stock finishes below its 70% 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 stocks: | Apple Inc. (Symbol: AAPL), Boeing Co. (Symbol: BA) and Goldman Sachs Group, Inc. (Symbol: GS)
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| Amount: | $1,729,000
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| Maturity: | Oct. 16, 2020
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| Coupon: | 15% annualized, payable quarterly if each stock closes at or above 70% interest barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless any stock closes below 70% 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 review date
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| Initial levels: | $174.73 for Apple, $329.28 for Boeing and $255.92 for Goldman
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| Interest barriers: | $122.311 for Apple, $230.496 for Boeing and $179.144 for Goldman; 70% of initial levels
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| Trigger levels: | $122.311 for Apple, $230.496 for Boeing and $179.144 for Goldman; 70% of initial levels
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| Pricing date: | April 13
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| Settlement date: | April 18
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4%
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| Cusip: | 48129MHU3
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