JPMorgan plans to price trigger jump notes linked to Apple stock

By Sarah Lizee

Olympia, Wash., May 28 – JPMorgan Chase Financial Co. LLC plans to price 0% trigger jump securities due June 3, 2021 linked to the common stock of Apple Inc., 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 initial share price, the payout at maturity will be par of $10 plus 29.85%.

If the final share price is less than the initial share price but greater than or equal to the trigger share price, the payout will be par. The trigger share price is 85% of the initial share price.

If the final share price is less than the trigger share price, investors will be fully exposed to the stock’s decline from the initial share price.

J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.

The notes will price on May 31.

The Cusip number is 48132E760.

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