By Cady Vishniac
Detroit, Dec. 2 – JPMorgan Chase Financial Co. LLC priced $11.58 million of 0% capped gears due Jan. 31, 2022 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF return is positive, the payout at maturity will be par of $10 plus 300% of the ETF gain, capped at par plus 16.9%. Investors will be fully exposed to any ETF 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: | iShares MSCI Emerging Markets ETF
|
| Amount: | $11,577,000
|
| Maturity: | Jan. 31, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any ETF gain, capped at par plus 16.9%; 1% loss for each 1% decline
|
| Initial price: | $50.04
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132N349
|
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