By Tali Rackner
Minneapolis, May 14 – JPMorgan Chase Financial Co. LLC priced $3.8 million of 0% capped trigger absolute return securities due Oct. 24, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus the return, subject to a maximum gain of 10%.
If the index declines by up to 22.25%, the payout will be par plus the absolute value of the return.
If the final index level is less than the downside threshold level, investors will lose 1% for every 1% that the final index level is less than the initial index level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Finance Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped trigger absolute return securities
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| Underlying index: | S&P 500
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| Amount: | $3.8 million
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| Maturity: | Oct. 24, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the final index level is greater than or equal to the initial index level, par plus index return, subject to 10% maximum gain; if index declines by up to the downside threshold level, par plus the absolute value of the return; otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level
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| Initial index level: | 2,693.13
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| Downside threshold: | 2,093.91, 77.75% of initial level
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| Pricing date: | April 19
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| Settlement date: | April 24
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48129N203
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