By Marisa Wong
Morgantown, W.Va., Oct. 11 – JPMorgan Chase Financial Co. LLC priced $5.25 million of 0% trigger digital notes due Sept. 10, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final share price is greater than or equal to the downside threshold, 70% of the initial share price, the payout at maturity will be par of $10 plus 11.2%. If the final share price is less than the downside threshold, investors will be fully exposed to the ETF’s decline.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger digital notes
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| Underlying ETF: | iShares MSCI EAFE ETF
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| Amount: | $5.25 million
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| Maturity: | Sept. 10, 2018
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If final share price is greater than or equal to downside threshold, par plus 11.2%; otherwise, full exposure to ETF’s decline
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| Initial share price: | $59.20
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| Downside threshold | $41.44, 70% of initial share price
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| Pricing date: | Oct. 5
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| Settlement date: | Oct. 11
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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: | 48128P704
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