By Sarah Lizee
Olympia, Wash., June 4 – JPMorgan Chase Financial Co. LLC priced $675,000 of autocallable contingent interest notes due June 16, 2021 linked to Palo Alto Networks, Inc. common 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 15% if the stock closes at or above its 72% coupon barrier on the review date for that quarter, in which case investors will also receive any previously unpaid coupons.
The notes will be called at par plus the contingent coupon 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 any coupon due unless the stock finishes below its 72% 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: | Palo Alto Networks, Inc.
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Amount: | $675,000
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Maturity: | June 16, 2021
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Coupon: | 15% annualized, payable quarterly if stock closes at or above coupon barrier on review date for that quarter, in which case investors will also receive any previously unpaid coupons
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Price: | Par
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Payout at maturity: | Par plus the coupon 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 if stock closes at or above initial level on any review date other than final date
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Initial level: | $235.27
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Coupon barrier level: | $169.3944, 72% of initial level
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Trigger level: | $169.3944, 72% of initial level
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Pricing date: | June 1
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Settlement date: | June 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132MDR9
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