By Marisa Wong
Morgantown, W.Va., Dec. 4 – JPMorgan Chase & Co. priced $265,700 of 0% trigger performance securities due Nov. 30, 2020 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 140.5% of any fund gain.
Investors will receive par if the fund falls by up to 35% and will be fully exposed to any losses if the fund finishes below the 65% trigger level.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Trigger performance securities
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| Underlying fund: | Vanguard FTSE Emerging Markets ETF
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| Amount: | $265,700
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| Maturity: | Nov. 30, 2020
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| Price: | Par of $10
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| Payout at maturity: | Par plus 140.5% of any index gain; par if index falls by up to 35%; full exposure to any losses if index falls below trigger level
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| Initial price: | $35.02
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| Trigger price: | $22.76, 65% of the initial level
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| Pricing date: | Nov. 24
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| Settlement date: | Nov. 30
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| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | 0.5%
|
| Cusip: | 48127Y441
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