By Angela McDaniels
Tacoma, Wash., Sept. 22 – JPMorgan Chase Financial Co. LLC priced $5.15 million of 0% trigger absolute return autocallable notes due Sept. 24, 2019 linked to the common stock of HP Inc., 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 premium of 10.5% per year if HP shares close at or above the initial share price on any quarterly observation date.
If the stock finishes at or above the downside threshold, 75% of the initial share price, the payout at maturity will be par plus the absolute value of the stock’s return. If the stock finishes below the downside threshold, investors will lose 1% for every 1% that the final share price is less than the initial share price.
UBS Financial Services Inc. and J.P. Morgan Securities LLC Inc. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger absolute return autocallable notes
|
| Underlying stock: | HP Inc. (Symbol: HPQ)
|
| Amount: | $5,145,000
|
| Maturity: | Sept. 24, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final share price is greater than or equal to downside threshold, par plus absolute value of stock’s return; otherwise, full exposure to share price decline
|
| Call: | Automatically at par plus 10.5% per year if HP shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $19.60
|
| Downside threshold: | $14.70, or 75% of initial share price
|
| Pricing date: | Sept. 20
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| Settlement date: | Sept. 25
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48129J483
|
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