By Susanna Moon
Chicago, Oct. 16 – JPMorgan Chase Financial Co. LLC priced $1 million of 9% annualized yield notes due Jan. 3, 2018 linked to the common stock of Quidel Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the stock finishes below its strike level and ever closes below its 70.14675% trigger level on any day during the life of the notes, 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: | Yield notes
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| Underlying stock: | Quidel Corp. (Symbol: QDEL)
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| Amount: | $1 million
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| Maturity: | Jan. 3, 2018
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| Coupon: | 9%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below strike level and ever closes below trigger, in which case full exposure to any losses
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| Strike level: | $44.00
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| Trigger level: | $23.71, 53.88636% of the strike level
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| Pricing date: | Sept. 28
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| Settlement date: | Oct. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 46647MNU3
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