By Susanna Moon
Chicago, May 1 – JPMorgan Chase Financial Co. LLC priced $1 million of 9% yield notes due July 26, 2018 linked to Carrizo Oil & Gas, 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 58.61708% 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: | Carrizo Oil & Gas, Inc. (Symbol: CRZO)
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| Amount: | $1 million
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| Maturity: | July 26, 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: | $19.09
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| Trigger level: | $11.19, 58.61708% of initial level
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| Pricing date: | April 23
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| Settlement date: | April 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.9%
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| Cusip: | 48129MB96
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