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JPMorgan plans to price trigger in-step securities linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Aug. 8 – JPMorgan Chase Financial Co. LLC plans to price 0% trigger in-step securities due Aug. 30, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final index level is greater than or equal to the downside threshold, 80% of the initial index level, the payout at maturity will be par of $10 plus the greater of the step return and the index return. The step return is expected to be 8% to 10% and will be set at pricing.
If the final index level is less than the downside threshold, investors will have one-to-one exposure to the index’s decline from its initial level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes will price Aug. 26.
The Cusip number is 46646X837.
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