By Wendy Van Sickle
Columbus, Ohio, Oct. 27 – JPMorgan Chase Financial Co. LLC priced $950,000 of 14% yield notes due Nov. 26 2018 linked to the spread between the 30-Year U.S. Dollar ICE swap rate and the two-Year U.S. Dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable semiannually.
The payout at maturity will be par unless the final spread is less than half the initial spread, in which case investors will lose 2% for every 1% the final spread is below 50% of the initial spread.
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 spread: | 30-Year U.S. Dollar ICE swap rate minus two-Year U.S. Dollar ICE swap rate
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| Amount: | $950,000
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| Maturity: | Nov. 26, 2018
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| Coupon: | 14%, payable semiannually
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| Price: | Par
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| Payout at maturity: | Par unless the final spread is less than half the initial spread, in which case investors will lose 2% for every 1% the final spread is below 50% of the initial spread
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| Initial index levels: | 0.788% on Oct. 20
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| Trigger spread: | 0.394%; 50% of initial spread
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| Pricing date: | Oct. 24
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| Settlement date: | Oct. 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.15%
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| Cusip: | 48129HGZ4
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