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Published on 10/19/2016 in the Prospect News Structured Products Daily.

JPMorgan plans capped gears due 2017 tied to Energy Select Sector SPDR

By Susanna Moon

Chicago, Oct. 19 – JPMorgan Chase Financial Co. LLC plans to price 0% capped gears due Dec. 29, 2017 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum return of 20% to 23%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

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

The notes will price on Oct. 26 and settle on Oct. 31.

The Cusip number is 48128P829.


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