By Wendy Van Sickle
Columbus, Ohio, March 24 – JPMorgan Chase Financial Co. LLC priced $1 million of 9% annualized yield notes due June 27, 2017 linked to Barracuda Networks, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the stock finishes below its initial level and ever closes below the 60.8% trigger level during the life of the notes, in which case investors will lose 1% for each 1% decline.
J.P. Morgan Securities LLC is the agent.
The notes will be guaranteed by JPMorgan Chase & Co.
| 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: | Barracuda Networks, Inc.
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| Amount: | $1 million
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| Maturity: | June 27, 2017
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| Coupon: | 9%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless stock falls and ever closes below trigger level, in which case 1% loss for each 1% decline
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| Strike value: | $22.91
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| Trigger price: | $13.93, 60.8% of initial share price
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| Pricing date: | March 22
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| Settlement date: | March 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.9%
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| Cusip: | 46646QZ32
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