By Wendy Van Sickle
Columbus, Ohio, Jan. 12 – JPMorgan Chase Financial Co. LLC priced $750,000 of 10.4% yield notes due Dec. 29, 2021 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest will payable quarterly.
The payout at maturity will be par unless the ETF finishes below its trigger level, 70% of its initial level, in which case investors will lose 1% for every 1% ETF decline below the initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Yield notes
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| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production
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| Amount: | $750,000
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| Maturity: | Dec. 29, 2021
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| Coupon: | 10.4%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par unless ETF finishes below its trigger level, in which case full exposure to losses
|
| Initial level: | $59.87
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| Trigger level: | $41.909, 70% of initial level
|
| Pricing date: | Dec. 23
|
| Settlement date: | Dec. 29
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48132RAQ3
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