By Kiku Steinfeld
Chicago, July 13 – JPMorgan Chase Financial Co. LLC priced $1 million of yield notes due March 31, 2022 linked to the common stock of Sally Beauty Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon at an annualized rate of 9%, paid monthly.
If the stock ends at or above its 74.08391% trigger, the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% decline in the stock if it finished below its trigger.
The notes are non-callable.
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: | Sally Beauty Holdings, Inc.
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| Amount: | $1 million
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| Maturity: | March 31, 2022
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| Coupon: | 9% annually, paid monthly
|
| Price: | Par
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| Payout at maturity: | If stock finishes at or above its 74.08391% trigger, par; otherwise, 1% loss for every 1% that stock declines
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| Initial level: | $18.83
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| Trigger: | $13.95, 74.08391% of initial level
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| Call: | Non-callable
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| Pricing date: | Dec. 27
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| Settlement date: | Dec. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.85%
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| Cusip: | 48133CHB1
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