By Angela McDaniels
Tacoma, Wash., Sept. 27 – JPMorgan Chase Financial Co. LLC priced $7.16 million of 0% trigger absolute return autocallable notes due Sept. 29, 2021 linked to the common stock of United Airlines Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par of $10 plus a call return of 11.75% per year if United Airlines stock closes at or above the initial share price on any quarterly observation date, including the final valuation date.
If the notes are not called and 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 plus the absolute value of the stock return. If the final share price is less than the downside threshold, investors will lose 1% for every 1% that the final share price is less than the initial share price.
The notes are guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger absolute return autocallable notes
|
| Underlying stock: | United Airlines Holdings, Inc. (Symbol: UAL)
|
| Amount: | $7,164,000
|
| Maturity: | Sept. 29, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If notes are not called and final share price is greater than or equal to downside threshold, par plus absolute value of stock return; if final share price is less than downside threshold, 1% loss for every 1% that final share price is less than initial share price
|
| Call: | Automatically at par plus call return of 11.75% per year if United Airlines stock closes at or above initial share price on any quarterly observation date, including final valuation date
|
| Initial share price: | $88.30 (closing price on Sept. 24)
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| Downside threshold: | $61.81, or 70% of initial share price
|
| Trade date: | Sept. 25
|
| Settlement date: | Sept. 27
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48132G542
|
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