JPMorgan plans to price capped gears due 2020 linked to Energy Select

By Sarah Lizee

Olympia, Wash., April 22 – JPMorgan Chase Financial Co. LLC plans to price 0% capped gears due June 30, 2020 linked to the Energy Select Sector SPDR 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 greater than zero, the payout at maturity will be par of $10 plus 3 times the ETF return, subject to a maximum gain of 20% to 21%.

Investors will be fully exposed to losses.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes will price on April 25.

The Cusip number is 48130X117.

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