By Marisa Wong
Morgantown, W.Va., April 10 – JPMorgan Chase Financial Co. LLC priced $817,000 of 0% trigger step securities due March 31, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the index return and the step return of 33.75%.
Investors will receive par if the index declines by 25% or less and will be exposed to the index’s decline from its initial level if it declines beyond 25%.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger step securities
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| Underlying index: | S&P 500
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| Amount: | $817,000
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| Maturity: | March 31, 2021
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is zero or positive, par plus greater of 33.75% and return; par if index declines by up to 25%; full exposure to losses if index falls beyond 25%
|
| Initial level: | 2,358.57
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| Downside threshold: | 1,768.93, 75% of initial level
|
| Pricing date: | March 28
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| Settlement date: | March 31
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
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| Fees: | None
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| Cusip: | 48129F762
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