By Marisa Wong
Los Angeles, July 13 – JPMorgan Chase Financial Co. LLC priced $4,811,000 of 0% capped gears due Aug. 30, 2021 linked to the Consumer Staples 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 plus triple any ETF gain, up to a maximum payout of par plus 15.1%. Investors will lose 1% for each 1% decline.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped gears
|
| Underlying ETF: | Consumer Staples Select Sector SPDR fund
|
| Amount: | $4,811,000
|
| Maturity: | Aug. 30, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 3 times any ETF gain, capped at par plus 15.1%; 1% loss per 1% decline
|
| Initial value: | $58.32
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132L616
|
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