By Wendy Van Sickle
Columbus, Ohio, June 11 – JPMorgan Chase Financial Co. LLC priced $784,000 of autocallable contingent interest notes due Dec. 2, 2021 linked to the American Depository shares of Baidu, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Each quarter, the notes pay a contingent coupon at an annual rate of 10% if Baidu stock closes at or above the buffer threshold, 70% of the initial share price, on the review date for that quarter.
The notes will be automatically called at par if Baidu stock closes at or above 95% of the initial share price on any quarterly review other than the final review date.
The payout at maturity will be par unless Baidu stock finishes below the trigger level, in which case investors will be fully exposed to the loss.
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: | Baidu, Inc.
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| Amount: | $784,000
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| Maturity: | Dec. 2, 2021
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| Coupon: | 10%, payable quarterly if stock closes at or above buffer threshold on review date for that quarter
|
| Price: | Par
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| Payout at maturity: | Par unless Baidu stock finishes below trigger, in which case full exposure to loss
|
| Call: | Automatically at par if stock closes at or above 95% of initial share price on any quarterly review date other than final one
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| Initial share price: | $112.95
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| Trigger value: | $79.065, 70% of initial share price
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| Pricing date: | May 29
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| Settlement date: | June 3
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.875%
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| Cusip: | 48132CNV1
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