New Issue: JPMorgan prices $1 million trigger digital notes linked to SPDR S&P Oil & Gas ETF

By Angela McDaniels

Tacoma, Wash., Jan. 14 – JPMorgan Chase & Co. priced $1 million of 0% trigger digital optimization securities due Jan. 10, 2019 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the trigger price, 50% of the initial share price, the payout at maturity will be par of $10 plus 30%. If the final share price is less than the trigger price, investors will be fully exposed to the ETF’s decline.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

Issuer:	JPMorgan Chase & Co.
Issue:	Trigger digital optimization securities
Underlying ETF:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$1 million
Maturity:	Jan. 10, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final share price is greater than or equal to trigger price, par plus 30%; if final share price is less than trigger level, full exposure to ETF’s decline
Initial share price:	$30.37 (ETF’s closing share price on Jan. 4)
Trigger price:	$15.19, 50% of initial share price
Pricing date:	Jan. 6
Settlement date:	Jan. 11
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	2.5%
Cusip:	48128A525

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