By Angela McDaniels
Tacoma, Wash., June 19 – JPMorgan Chase Financial Co. LLC priced $25.06 million of 0% trigger autocallable notes due June 20, 2019 linked to the VanEck Vectors Oil Services exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par of $10 plus 12.9% per year if the ETF closes at or above its initial share price on any semiannual call observation date.
If the notes are not called and the final share price is greater than or equal to the downside threshold, 70% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price is below the initial share price.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Trigger autocallable notes
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Underlying ETF: | VanEck Vectors Oil Services ETF
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Amount: | $25,055,000
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Maturity: | June 20, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If notes are not called and final share price is greater than or equal to downside threshold, par; otherwise, 1% loss for every 1% that final share price is below initial share price
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Call: | Automatically at par plus 12.9% per year if ETF closes at or above initial share price on any semiannual call observation date
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Initial share price: | $25.59
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Downside threshold: | $17.91, 70% of initial level
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Pricing date: | June 15
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Settlement date: | June 19
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | 1.75%
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Cusip: | 48129G687
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