New Issue: JPMorgan sells $6.58 million step-down trigger autocallables on Stoxx Europe 600

By Marisa Wong

Morgantown, W.Va., Aug. 3 – JPMorgan Chase Financial Co. LLC priced $6.58 million of 0% step-down trigger autocallable notes due July 31, 2019 linked to the Stoxx Europe 600 Banks index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call return of 8.25% per year if the index closes at or above its initial level on Aug. 1, 2017 or July 27, 2018 or at or above the downside threshold, 60% of the initial level, on July 25, 2019, the final valuation date.

If the notes are not called, investors will lose 1% for every 1% that the index’s final level is less than its initial level.

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

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Step-down trigger autocallable notes
Underlying index:	Stoxx Europe 600 Banks index
Amount:	$6,578,000
Maturity:	July 31, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the notes are not called, investors will lose 1% for every 1% that the index’s final level is less than its initial level
Call:	At par plus a call return of 8.25% per year if the index closes at or above its initial level on Aug. 1, 2017 or July 27, 2018 or at or above the downside threshold, 60% of the initial level, on July 25, 2019, the final valuation date
Initial value:	133.93
Downside threshold:	80.36, 60% of initial level
Pricing date:	July 27
Settlement date:	July 29
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	2.5%
Cusip:	46646X100

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