By Marisa Wong
Morgantown, W.Va., July 10 – JPMorgan Chase Financial Co. LLC priced $5.99 million of 0% capped trigger gears due June 30, 2020 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 fund return is greater than zero, the payout at maturity will be par of $10 plus 2 times the fund return, subject to a maximum gain of 33.5%. Investors will receive par if the fund declines by 25% or less and will lose 1% for each 1% decline from its initial level if the fund declines by more than 25%.
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
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| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $5,985,150
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| Maturity: | June 30, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the fund return is greater than zero, par plus 2 times the fund return, subject to a maximum gain of 33.5%; par if the fund declines by 25% or less; 1% loss for each 1% decline from its initial level if the fund declines by more than 25%
|
| Initial value: | $41.41
|
| Downside threshold: | $31.06, 75% of initial value
|
| Pricing date: | June 27
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| Settlement date: | June 30
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 48129G810
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