By Wendy Van Sickle
Columbus, Ohio, Sept. 28 – JPMorgan Chase Financial Co. LLC priced $4.25 million of 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 90%.
If the index falls but not below the 75% 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.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger absolute return step securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $4,249,500
|
| Maturity: | Sept. 29, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If each index gains, par plus greater of 90% and index return; if index falls by up to 25%, par plus absolute return; otherwise, 1% loss per 1% decline
|
| Initial index level: | 3,419.78
|
| Downside threshold: | 2,564.84, 75% of initial level
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 28
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC Inc.
|
| Fees: | 0%
|
| Cusip: | 48130V731
|
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