By Angela McDaniels
Tacoma, Wash., Dec. 4 – JPMorgan Chase Financial Co. LLC priced $1.33 million of 0% autocallable Performance Leveraged Upside Securities due Dec. 4, 2019 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF’s shares close at or above the redemption threshold level, 110% of the initial share price, on Dec. 3, 2018, the notes will be automatically redeemed at 110% of par.
If the notes are not called and the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus 150% of the ETF return. If the final share price is less than the initial share price, investors will be exposed to the ETF’s decline.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable Performance Leveraged Upside Securities
|
| Underlying fund: Financial Select Sector SPDR fund
|
| Amount: | $1,332,500
|
| Maturity: | Dec. 4, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 150% of any fund gain; full exposure to any fund decline
|
| Call: | Automatically at 110% of par if ETF’s shares close at or above redemption threshold level on Dec. 3, 2018
|
| Initial share price: | $27.52
|
| Redemption threshold: | $30.272, 110% of initial share price
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 48129K209
|
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