By Marisa Wong
Morgantown, W.Va., April 9 – JPMorgan Chase Financial Co. LLC priced $4.4 million of 0% trigger step securities due Sept. 26, 2019 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 18% and the index return. Investors will receive par if the index declines by 30% or less and will be fully exposed to the index’s decline from its initial level if it declines beyond 30%.
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 step securities
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| Underlying index: | Euro Stoxx Banks
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| Amount: | $4.4 million
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| Maturity: | Sept. 26, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is zero or positive, par plus greater of 18% and index return; par if index declines by 30% or less; full exposure to decline from initial level if index declines beyond 30%
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| Initial value: | 124.20
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| Downside threshold: | 86.94, 70% of initial level
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| Pricing date: | March 26
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| Settlement date: | March 29
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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: | 48129L389
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