By William Gullotti
Buffalo, N.Y., Nov. 5 – JPMorgan Chase Financial Co. LLC priced $1 million of 9% yield notes due Nov. 2, 2021 linked to the ordinary shares of Trade Desk, Inc., 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 stock finishes below the trigger value, 66.56214% of the strike value, in which case investors will be fully exposed to the stock’s decline from the strike value.
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: | Trade Desk, Inc.
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| Amount: | $1 million
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| Maturity: | Nov. 2, 2021
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| Coupon: | 9% annualized, 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 shares finish below trigger value, in which case full exposure to stock’s decline
|
| Strike value: | $86.10
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| Trigger value: | $57.31; 66.56214% of the strike value
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| Pricing date: | July 28
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| Settlement date: | Aug. 2
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.8%
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| Cusip: | 48132UM75
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