By Susanna Moon
Chicago, July 7 – JPMorgan Chase Financial Co. LLC priced $1 million of 9% annualized yield notes due Sept. 25, 2017 linked to Acacia Communications, 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 Acacia stock finishes below its initial level and ever closes below its 59.36857% 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: | Acacia Communications, Inc. (Symbol: ACIA)
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| Amount: | $1 million
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| Maturity: | Sept. 25, 2017
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| Coupon: | 9%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless Acacia stock ends below initial level and ever closes below trigger, in which case full exposure to any losses
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| Strike level: | $43.71
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| Trigger level: | $25.95, 59.36857% of the strike level
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| Pricing date: | June 20
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| Settlement date: | June 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 46647MLV3
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