By William Gullotti
Buffalo, N.Y., July 21 – JPMorgan Chase Financial Co. LLC priced $355,000 of 7.15% yield notes due Dec. 2, 2021 linked to the ordinary shares of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable quarterly.
The payout at maturity will be par unless Ford shares finish below the trigger value, 70% of the initial value, in which case investors will be fully exposed to the stock’s decline.
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: | Ford Motor Co.
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| Amount: | $355,000
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| Maturity: | Dec. 2, 2021
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| Coupon: | 7.15% annualized, payable quarterly; equivalent to a rate of 3.575% over the term of the notes
|
| Price: | Par
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| Payout at maturity: | Par unless Ford shares finish below trigger value, in which case full exposure to stock’s decline
|
| Initial value: | $14.88
|
| Trigger value: | $10.416; 70% of the initial value
|
| Pricing date: | May 27
|
| Settlement date: | June 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48132UFX6
|
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