By Wendy Van Sickle
Columbus, Ohio, Feb. 28 – JPMorgan Chase Financial Co. LLC priced $13.39 million of 0% capped trigger gears due Feb. 28, 2020 linked to the Russell 2000 index, 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 2 times any index gain, subject to a maximum return of 36.5%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below its 75% downside threshold level.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped trigger gears
|
| Underlying index: | Russell 2000
|
| Amount: | $13,386,000
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| Maturity: | Feb. 28, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any index gain, capped 36.5%; par if index declines by 25% or less; full exposure to loss if index falls beyond 25%
|
| Initial level: | 1,394.623
|
| Downside threshold: | 1,045.967, 75% of initial level
|
| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 48129F101
|
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