By Devika Patel
Knoxville, Tenn., April 17 – JPMorgan Chase Financial Co. LLC priced $3.13 million of 5.1% yield notes due Sept. 18, 2018 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 is payable monthly.
The payout at maturity will be par plus the final coupon unless either underlying finishes below its buffer level, 80% of its initial level, in which case investors will lose 1.25% for each 1% decline of the worse-performing underlying beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Yield notes
|
| Underlyings: | Russell 2000 index and iShares MSCI EAFE ETF
|
| Amount: | $3,125,000
|
| Maturity: | Sept. 18, 2018
|
| Coupon: | 5.1%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon unless either underlying declines by more than 20%, in which case 1.25% loss for each 1% decline of worse-performing underlying beyond 20%
|
| Initial values: | 1,345.244 for index and $61.59 for ETF
|
| Pricing date: | April 13
|
| Settlement date: | April 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 46646Q5U5
|
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