By Susanna Moon
Chicago, May 24 – JPMorgan Chase Financial Co. LLC priced $1 million of 9% annualized yield notes due Aug. 20, 2018 linked to Lumentum Holdings 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 shares finish below the strike level and the stock ever closes below the 67.33% trigger level on any day during the life of the notes, in which case investors will be fully exposed to any losses.
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 stock: | Lumentum Holdings Inc. (Symbol: LITE)
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| Amount: | $1 million
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| Maturity: | Aug. 20, 2018
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| Coupon: | 9% annualized, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below its strike level and ever closes below trigger level, in which case full exposure to any losses
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| Strike level: | $63.14
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| Trigger level: | $42.51, 67.33% of initial level
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| Pricing date: | May 15
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| Settlement date: | May 18
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.85%
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| Cusip: | 48129MUD6
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