Chicago, July 21 – JPMorgan Chase Financial Co. LLC priced $8.04 million of 0% trigger step securities due July 20, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are fully guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the gain and the 42% step return.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
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 step securities
|
| Underlying index: | S&P 500
|
| Amount: | $8,041,500
|
| Maturity: | July 20, 2027
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index gains, par plus greater of return and 42%; par if the index falls by up to 25%; full exposure to any losses if the index finishes below the trigger level
|
| Initial level: | 3,863.16
|
| Trigger level: | 2,897.37, 75% of initial level
|
| Pricing date: | July 15
|
| Settlement date: | July 20
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 3.5%
|
| Cusip: | 48133E389
|
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