By Wendy Van Sickle
Columbus, Ohio, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $930,000 of 8.8% yield notes due Feb. 10, 2022 linked to the shares of Valero Energy Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest will payable quarterly.
The payout at maturity will be par unless the stock finishes below its trigger level, 60% of its initial level, in which case investors will lose 1% for every 1% stock decline below the initial level.
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: | Valero Energy
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| Amount: | $930,000
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| Maturity: | Feb. 10, 2022
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| Coupon: | 8.8%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below its trigger level, in which case full exposure to losses
|
| Initial level: | $61.72
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| Trigger level: | $37.032, 60% of initial level
|
| Pricing date: | Feb. 5
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| Settlement date: | Feb. 10
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48132RZE3
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