By Kiku Steinfeld
Chicago, May 26– JPMorgan Chase Financial Co. LLC priced $1 million of 2.25% yield notes due Aug. 4, 2021 linked to the shares of Wayfair Inc., 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 stock finishes below its trigger level, 62.32544% of its initial level, in which case investors will lose 1% for every 1% stock decline below the initial level.
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: | Wayfair Inc.
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| Amount: | $1 million
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| Maturity: | Aug. 4, 2021
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| Coupon: | 2.25%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below its trigger level, in which case full exposure to losses
|
| Initial level: | $296.46
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| Trigger level: | $184.77, 62.32544% of initial level
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| Pricing date: | April 30
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| Settlement date: | May 5
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.55%
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| Cusip: | 48132TF76
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