By Kiku Steinfeld
Chicago, July 29 – JPMorgan Chase Financial Co. LLC priced $4.89 million of 0% capped buffer gears due July 30, 2021 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.
If the index return is positive, the payout at maturity will be par of $10 plus 1.5 times the index return, subject to a maximum gain of 11%.
If the index finishes at or below the initial level but at or above the downside threshold, 90% of the initial level, the payout will be par.
Otherwise, investors will be exposed to losses beyond 10%.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffer gears
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| Underlying index: | S&P 500
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| Amount: | $4,894,000
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| Maturity: | July 30, 2021
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 1.5 times any index gain, subject to a maximum return of 11%; par if index finishes at or below the initial level but at or above downside threshold; otherwise, investors will be exposed to losses beyond 10%
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| Initial index level: | 3,235.66
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| Downside threshold: | 2,912.09, 90% of initial level
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| Pricing date: | July 23
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| Settlement date: | July 28
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| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
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| Fees: | None
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| Cusip: | 48132L392
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