By Susanna Moon
Chicago, Sept. 21 – JPMorgan Chase Financial Co. LLC priced $1 million of 9% annualized yield notes due Dec. 14, 2018 linked to Stratasys Ltd. stock, 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 initial level and ever closes below its 66.62382% trigger level 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: | Stratasys Ltd. (Symbol: SSYS)
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Amount: | $1 million
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Maturity: | Dec. 14, 2018
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Issue price: | Par
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Coupon: | 9% annualized, payable monthly
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Payout at maturity: | Par unless stock finishes below initial level and ever dips below 66.62382% trigger, in which case full exposure to any losses
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Initial level: | $23.34
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Trigger level: | $15.55, 66.62382% of initial level
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Pricing date: | Sept. 11
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Settlement date: | Sept. 14
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 48130UKR5
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