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JPMorgan plans to price trigger gears linked to S&P 500 index
By Sarah Lizee
Olympia, Wash., Aug. 21 – JPMorgan Chase Financial Co. LLC plans to price 0% trigger gears due Aug. 30, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.5 to 1.55 times the index return. Investors will receive par if the index declines by 30% or less and have one-to-one exposure to the index’s decline from its initial level if it declines by more than 30%.
The notes are guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes will price on Aug. 27.
The Cusip number is 48132G807.
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