By Wendy Van Sickle
Columbus, Ohio, Aug. 29 – JPMorgan Chase Financial Co. LLC priced $3 million of 5.1% yield notes due Nov. 29, 2017 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest will be payable monthly.
If the final level of each asset is greater than or equal to the strike value or is less than the strike value by up to 20%, the payout at maturity will be par. Otherwise, investors will lose 1.25% for every 1% that the final rate is of the lesser performing asset falls beyond 20%.
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: | Yield notes
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| Underlying assets: | Russell 2000 index and iShares MSCI EAFE ETF
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| Amount: | $3 million
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| Maturity: | Nov. 29, 2017
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| Coupon: | 5.1%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless either asset finishes below 80% of strike value, in which case 1.25% loss for every 1% decline of worse performing asset beyond 20%
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| Strike values: | 1,237.250 for the index and $58.96 for the ETF
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| Pricing date: | Aug. 25
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| Settlement date: | Aug. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 46646EWB4
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