By Marisa Wong
Morgantown, W.Va., April 4 – JPMorgan Chase Financial Co. LLC priced $5.27 million of 0% trigger digital notes due March 31, 2020 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the swap rate finishes at or above its initial value, the payout at maturity will be par plus 16.75%.
If the rate falls but finishes at or above the 80% downside threshold, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
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 digital notes
|
| Underlying rate: | 10-year U.S. dollar ICE swap rate
|
| Amount: | $5,265,000
|
| Maturity: | March 31, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the swap rate finishes at or above its initial level, par plus 16.75%; if the rate falls by up to the 20%, par; otherwise, full exposure to any losses
|
| Initial rate: | 2.859%
|
| Downside threshold: | 2.2872%, 80% of initial rate
|
| Pricing date: | March 26
|
| Settlement date: | March 29
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48129L512
|
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