By Wendy Van Sickle
Columbus, Ohio, Nov. 17 – JPMorgan Chase Financial Co. LLC priced $1.11 million of autocallable contingent interest notes due Nov. 19, 2019 linked to the least performing of the class A common stock of Parsley Energy, Inc., the common stock of Pioneer Natural Resources Co. and the American Depository shares of Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of 16.85% if each stock closes at or above its 60% coupon 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 review date other than the final date.
The payout at maturity will be par unless any stock finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing 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 contingent interest notes
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Underlying stocks: | Alibaba Group Holding Ltd., Pioneer Natural Resources Co. and Parsley Energy, Inc.
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Amount: | $1,112,000
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Maturity: | Nov. 19, 2019
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Coupon: | 16.85% annualized, payable quarterly if each stock closes at or above 60% coupon barrier on review date that quarter
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Price: | Par
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Payout at maturity: | Par plus contingent coupon unless any stock finishes below 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 review date other than final date
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Initial levels: | $181.79 for Alibaba, $152.81 for Pioneer and $25.96 for Parsley
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Barrier/trigger levels: | $109.074 for Alibaba, $91.686 for Pioneer and $15.576 for Parsley; 60% of initial levels
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Pricing date: | Nov. 14
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Settlement date: | Nov. 17
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48129HNX1
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