By Marisa Wong
Morgantown, W.Va., May 23 – JPMorgan Chase Financial Co. LLC priced $3 million of 0% trigger in-digital notes due May 22, 2020 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final share price is greater than or equal to the barrier price, 50% of the initial share price, the payout at maturity will be par of $10 plus 15.5%. If the final share price is less than the barrier 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 Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger in-digital notes
|
| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $3 million
|
| Maturity: | May 22, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final share price is greater than or equal to barrier price, par plus 15.5%; otherwise, full exposure to ETF’s decline
|
| Initial share price: | $34.69 (ETF’s closing share price on May 18)
|
| Barrier price: | $17.35, 50% of initial share price
|
| Pricing date: | May 19
|
| Settlement date: | May 25
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 48129G307
|
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