By Marisa Wong
Morgantown, W.Va., Aug. 8 – JPMorgan Chase Financial Co. LLC priced $1 million of 9% annualized yield notes due Nov. 2, 2017 linked to Stamps.com Inc. stock, 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 stock finishes below its initial price and ever closes below its 59.75% trigger price on any day during the life of the notes, 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: | Stamps.com Inc. (Symbol: STMP)
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Amount: | $1 million
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Maturity: | Nov. 2, 2017
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Coupon: | 9%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless stock finishes below strike price and ever closes below trigger price, in which case full exposure to any losses
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Strike price: | $148.96, based on intraday trades on the pricing date
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Trigger price: | $89.01, 59.75% of strike price
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Pricing date: | July 28
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Settlement date: | Aug. 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 46647MMK6
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