By Marisa Wong
Morgantown, W.Va., Oct. 4 – JPMorgan Chase Financial Co. LLC priced $1 million of 9% yield notes due Dec. 29, 2017 linked to the common stock of Select Medical Holdings Corp., 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 shares close below the 58.43469% trigger level on any day during the life of the notes and finish below the strike value, in which case investors will be fully exposed to any losses.
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: | Select Medical Holdings Corp. (Symbol: SEM)
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| Amount: | $1 million
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| Maturity: | Dec. 29, 2017
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| Coupon: | 9%, 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 stock finishes below strike value and shares close below trigger level on any day during the life of the notes, in which case full exposure to any losses
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| Strike value: | $18.91, determined using certain intraday trades that occurred on the pricing date
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| Trigger value: | $11.05, 58.43469% of the strike value
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| Pricing date: | Sept. 26
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| Settlement date: | Sept. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 46647MNL3
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