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Published on 8/13/2018 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $2 million barrier absolute return notes on S&P 500

By Marisa Wong

Morgantown, W.Va., Aug. 13 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% barrier absolute return market-linked notes with daily barrier observation due Aug. 6, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

A barrier event will occur if the index closes above the upper barrier, 123.75% of the initial level, or below the lower barrier, 76.25% of the initial level, on any day during the life of the notes.

If a barrier event occurs, the payout at maturity will be par of $1,000 plus 2%.

If no barrier event occurs, the payout will be par plus the absolute value of the index return.

Investors will receive at least par at maturity.

J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Barrier absolute return market-linked notes with daily barrier observation
Underlying index:S&P 500
Amount:$2 million
Maturity:Aug. 6, 2020
Coupon:0%
Price:Par of $1,000
Payout at maturity:If the index closes above the upper barrier or below the lower barrier on any day during the life of the notes, par plus 2%; otherwise, par plus the absolute value of the index return
Initial level:2,813.36
Upper barrier:3,481.53, 123.75% of initial level
Lower barrier:2,145.19, 76.25% of initial level
Pricing date:Aug. 2
Settlement date:Aug. 7
Agents:J.P. Morgan Securities LLC and UBS Financial Services Inc.
Fees:None
Cusip:48130UNN1

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