JPMorgan to price trigger absolute return step securities on Stoxx

By Sarah Lizee

Olympia, Wash., Aug. 30 – JPMorgan Chase Financial Co. LLC plans to price 0% trigger absolute return step securities due Sept. 29, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, also called the step barrier, the payout at maturity will be par of $10 plus the greater of the gain and the step return of 61% to 66%.

If the index falls by up to the 70% downside threshold level, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

The notes are guaranteed by JPMorgan Chase & Co.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes will price on Sept. 26 and settle on Sept. 28.

The Cusip number is 48130V848.

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