Chicago, March 29 – JPMorgan Chase Financial Co. LLC priced $665,000 of 9.15% yield notes due Sept. 7, 2021 linked to the common stock of Carnival Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid quarterly.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus the coupon unless the stock finishes below its trigger level, 70% of its initial level, in which case investors will be fully exposed to the decline of the stock.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Yield notes
|
| Underlying stock: | Carnival Corp.
|
| Amount: | $665,000
|
| Maturity: | Sept. 7, 2021
|
| Coupon: | 9.15%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below its trigger level, in which case investors will be fully exposed to the decline of the stock
|
| Initial level: | $26.31
|
| Trigger level: | $18.417, 70% of initial level
|
| Pricing date: | March 1
|
| Settlement date: | March 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 48132RR36
|
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