New Issue: JPMorgan prices $12.37 million step-down trigger autocallables tied to S&P 500, Stoxx

By Wendy Van Sickle

Columbus, Ohio, Feb. 3 – JPMorgan Chase Financial Co. LLC priced 0% step-down $12.37 million of trigger autocallable notes due Jan. 31, 2022 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will be called at par plus a call return of 7.69% if each index closes at or above its initial level on the first, second, third or fourth date or at or above its 60% downside threshold on the final valuation date.

If the notes are not called, the payout at maturity will be par plus the return with full exposure to any losses of the worse performing index.

UBS Financial Services Inc. is the distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Step-down trigger autocallable notes
Underlying indexes:	S&P 500, Euro Stoxx 50
Amount:	$12,365,120
Maturity:	Jan. 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus return with full exposure to any losses of the worse performing index
Call:	At par plus a call return of 7.69% per year if each index closes at or above its initial level on any annual observation date after one year or at or above its 60% downside threshold on the final valuation date
Initial levels:	2,294.69 for S&P, 3,303.33 for Euro Stoxx
Downside thresholds:	1,376.81 for S&P, 1,982.00 for Euro Stoxx; 60% of initial levels
Pricing date:	Jan. 27
Settlement date:	Jan. 31
Distributor:	UBS Financial Services Inc.
Fees:	2.5%
Cusip:	48128P233

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