By Susanna Moon
Chicago, July 8 – JPMorgan Chase Financial Co. LLC priced $420,000 of 8.5% yield notes due July 7, 2017 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The payout at maturity will be par unless the rate falls by more than the 48.5% contingent buffer, 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: | 10-year U.S. dollar ICE swap rate
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| Amount: | $420,000
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| Maturity: | July 7, 2017
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| Coupon: | 8.5%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par unless the rate falls by more than 48.5%, in which case full exposure to any losses
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| Initial rate: | 1.367%
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| Contingent buffer: | 48.5%
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| Pricing date: | July 1
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| Settlement date: | July 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 46646EMW9
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