By Sarah Lizee
Olympia, Wash., Oct. 30 – JPMorgan Chase Financial Co. LLC priced $2.64 million of autocallable contingent interest notes due Nov. 12, 2020 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock closes at or above the trigger level, 80% of the initial share price, on a quarterly review date, the notes will pay a contingent coupon that quarter at the rate of 10.26% per year plus any previously unpaid contingent interest payments.
The notes will be automatically called at par if the stock closes at or above the initial share price on any quarterly review date.
If the notes have not been called, the payout at maturity will be par unless the final share price is less than the trigger level, in which case investors will lose 1% for every 1% that the stock declines from its initial share price.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying stock: | Amazon.com, Inc.
|
| Amount: | $2.64 million
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| Maturity: | Nov. 12, 2020
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| Coupon: | If stock closes at or above trigger level on quarterly review date, notes pay contingent coupon at rate of 10.26% per year plus any previously unpaid contingent interest payments
|
| Price: | Par
|
| Payout at maturity: | Par unless stock finishes below trigger level, in which case 1% loss for every 1% that stock declines from initial share price
|
| Call: | Automatically at par if stock closes at or above initial share price on any quarterly review date
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| Initial share price: | $1,761.33
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| Final share price: | Average of stock’s closing share prices on five trading days ending Nov. 5, 2020
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| Trigger level: | $1,409.064, 80% of initial share price
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| Pricing date: | Oct. 25
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| Settlement date: | Oct. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
|
| Cusip: | 48132F3B0
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