By Susanna Moon
Chicago, Oct. 6 – JPMorgan Chase & Co. priced $202,600 of 0% trigger performance securities due Sept. 30, 2020 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 154.75% of any gain in the fund.
Investors will receive par if the fund falls by up to 25% and will be fully exposed to any losses if the fund finishes below the 75% trigger level.
UBS Financial Services Inc. is the distributor.
Issuer: | JPMorgan Chase & Co.
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Issue: | Trigger performance securities
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Underlying fund: | Vanguard FTSE Emerging Markets ETF
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Amount: | $202,600
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Maturity: | Sept. 30, 2020
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Price: | Par
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Payout at maturity: | Par plus 154.75% of any fund gain; par if fund falls by up to 25%; full exposure to any losses if fund falls below trigger level
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Initial level: | $32.69
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Trigger level: | 75% of the initial level
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Pricing date: | Sept. 25
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Settlement date: | Sept. 30
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Agent: | UBS Financial Services Inc.
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Fees: | 0.5%
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Cusip: | 48127V199
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