JPMorgan plans trigger phoenix autocallables linked to Ford

By Angela McDaniels

Tacoma, Wash., Sept. 23 – JPMorgan Chase & Co. plans to price trigger phoenix autocallable optimization securities due Sept. 30, 2019 linked to the common stock of Ford Motor Co., according to an FWP filing with the Securities and Exchange Commission.

If Ford stock closes at or above the trigger price on a monthly observation date, the issuer will pay a contingent coupon for that month at the rate of 7% per year. Otherwise, no coupon will be paid that month. The trigger price is expected to be 79.5% to 83.5% of the initial share price and will be set at pricing.

Beginning a year after issuance, the notes will be called at par of $10 plus the contingent coupon if the shares close at or above the initial price on any monthly observation date.

If the notes are not called and Ford shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the share price decline from the initial price.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes are expected to price Sept. 26 and settle Sept. 30.

The Cusip number is 48127H679.

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