By Sarah Lizee
Olympia, Wash., April 22 – JPMorgan Chase Financial Co. LLC priced $7.57 million of 0% trigger autocallable notes due April 22, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an annual call premium of 8% if the index closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par unless the index finishes below the 80% downside threshold level, in which case investors will lose 1% for every 1% decline of the index.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger autocallable notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $7,568,510
|
| Maturity: | April 22, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless the index finishes below the downside threshold level, in which case 1% loss for every 1% decline of the index
|
| Call: | At par plus 8% per year if index closes at or above its initial level on any quarterly observation date after six months
|
| Initial level: | 26,449.54
|
| Downside threshold: | 21,159.63; 80% of initial levels
|
| Pricing date: | April 17
|
| Settlement date: | April 22
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | 1.5%
|
| Cusip: | 48130X141
|
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