By Angela McDaniels
Tacoma, Wash., Nov. 6 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% trigger step securities due Nov. 5, 2020 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of 45.55% and the index return. Investors will receive par if the index declines by 25% or less and will be fully exposed to the index’s decline from its initial level if it declines beyond 25%.
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 step securities
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| Underlying index: | Euro Stoxx Banks
|
| Amount: | $10 million
|
| Maturity: | Nov. 5, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is zero or positive, par plus greater of 45.55% and index return; par if index declines by 25% or less; full exposure to decline from initial level if index declines beyond 25%
|
| Initial index level: | 135.66 (closing level on Nov. 1)
|
| Downside threshold: | 101.75, 75% of initial level
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| Pricing date: | Nov. 2
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| Settlement date: | Nov. 7
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48129J129
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