By Susanna Moon
Chicago, June 30 – JPMorgan Chase Financial Co. LLC priced $3.85 million of 0% trigger absolute return autocallable notes due June 13, 2019 linked to HP Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 12.5% if HP shares close at or above its initial share price on any observation date.
If the stock finishes above its 70% downside threshold, 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 Inc. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger absolute return autocallable notes
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| Underlying stock: | HP Inc. (Symbol: HPQ)
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| Amount: | $3,854,000
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| Maturity: | June 13, 2019
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | If HP stock finishes above trigger level, par plus absolute return; otherwise, full exposure to any losses
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| Call: | At par plus 12.5% per year if HP shares close at or above initial level on any observation date
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| Initial share price: | $17.80
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| Trigger price: | $13.35, 70% of initial price
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| Pricing date: | June 9
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| Settlement date: | June 14
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| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48129G711
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