By Susanna Moon
Chicago, April 26 – JPMorgan Chase Financial Co. LLC priced $11.14 million of 0% trigger autocallable notes due April 21, 2020 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.
The notes will be called at par of $10 plus an annualized call premium of 8.16% if the index closes at or above its initial level on any quarterly observation date after six months.
If the notes are not called, the payout at maturity will be par unless the index finishes below its 75% trigger level, in which case investors will receive par plus the return with full exposure to any losses.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger autocallable notes
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| Underlying asset: | S&P 500 index
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| Amount: | $11,140,880
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| Maturity: | April 21, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par unless index falls by more than 25%, in which case par plus return with 1% loss per 1% decline
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| Call: | At par plus 8.16% annualized if index closes at or above its initial level on any quarterly observation date beginning Oct. 16, 2018
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| Initial level: | 2,677.84
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| Downside threshold: | 2,008.38, 75% of initial level
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| Pricing date: | April 16
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| Settlement date: | April 19
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48129L132
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