By Marisa Wong
Morgantown, W.Va., July 5 – JPMorgan Chase Financial Co. LLC priced $8.59 million of 0% capped trigger step securities due June 29, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is at least 80% of the initial index level, the payout at maturity will be par of $10 plus the greater of 8% and the index return, subject to a maximum return of 23.56%.
If the final index level is less than 80% of the initial index level, investors will be fully exposed to the index’s decline from 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: | Trigger step securities
|
| Underlying index: | Russell 2000
|
| Amount: | $8,594,200
|
| Maturity: | June 29, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the final index level is at least 80% of the initial index level, par plus the greater of 8% and the index return, subject to a maximum return of 23.56%; otherwise, investors will be fully exposed to the index’s decline from its initial level
|
| Initial level: | 1,089.646
|
| Step barrier: | 871.717, 80% of initial level
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 46646W524
|
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