By Angela McDaniels
Tacoma, Wash., Feb. 26 – JPMorgan Chase & Co. priced $7.75 million of 0% trigger performance securities due Feb. 26, 2021 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par of $10 plus 145% of the ETF return.
If the ETF return is zero or negative and the ETF’s final share price is greater than or equal to the trigger level, 75% of the initial share price, the payout will be par.
If the final share price is less than the trigger level, investors will be fully exposed to the decline in the ETF from its initial share price.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger performance securities
|
| Underlying ETF: | Energy Select Sector SPDR Fund
|
| Amount: | $7,747,500
|
| Maturity: | Feb. 26, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If ETF return is positive, par plus 145% of ETF return; if ETF return is zero or negative and ETF’s final share price is greater than or equal to trigger level, par; if final share price is less than trigger level, full exposure to decline in ETF from initial share price
|
| Initial share price: | $56.87
|
| Trigger level: | $42.65, 75% of initial share price
|
| Pricing date: | Feb. 24
|
| Settlement date: | Feb. 29
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 3.5%
|
| Cusip: | 48128A236
|
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