By Wendy Van Sickle
Columbus, Ohio, Oct. 9 – JPMorgan Chase Financial Co. LLC priced $1 million of 9% yield notes due Dec. 31, 2018 linked to the common units of WildHorse Resource Development Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The payout at maturity will be par unless the shares close below the $23.14 strike value and the shares closes below the 67.02679% trigger level on any day during the life of the notes, in which case investors will be fully exposed to any losses.
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: | WildHorse Resource Development Corp.
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| Amount: | $1 million
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| Maturity: | Dec. 31, 2018
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| Coupon: | 9%, payable monthly; equivalent to a rate of 2.25% over the term of the notes
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below its strike value and shares close below trigger level on any day during the life of the notes, in which case full exposure to any losses
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| Strike value: | $23.14
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| Trigger value: | $15.51; 67.02679% of the strike value
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| Pricing date: | Sept. 26
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| Settlement date: | Oct. 1
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48130U3P8
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