By Wendy Van Sickle
Columbus, Ohio, July 18 – JPMorgan Chase Financial Co. LLC priced $1 million of 9% yield notes due Oct. 18, 2016 linked to the common stock of Skyworks Solutions, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The payout at maturity will be par unless the stock finishes below its strike value, $65.49, and has closed below the trigger value, $45.50, any day during the life of the notes, in which case investors will be fully exposed to the stock’s decline beyond the strike value.
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: | Skyworks Solutions, Inc.
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| Amount: | $1 million
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| Maturity: | Oct. 18, 2016
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| Coupon: | 9% per year, payable monthly
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| Price: | Par of $1,000
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| Payout at maturity: | Par unless stock closes below trigger level on any day during life of notes and finishes below strike value, in which case full exposure to decline beyond strike value
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| Strike value: | $65.49
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| Trigger level: | $45.50
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| Pricing date: | July 14
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| Settlement date: | July 18
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 46646EPT3
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