JPMorgan plans capped gears tied to Financial Select Sector SPDR fund

By Marisa Wong

Morgantown, W.Va., Dec. 2 – JPMorgan Chase Financial Co. LLC plans to price 0% capped gears due Feb. 28, 2018 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the fund finishes above its initial level, the payout at maturity will be par plus triple the gain, up to a maximum gain of 17% to 18%. The exact cap will be set at pricing.

If the fund return is negative, investors will lose 1% for each 1% decline.

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

The notes will price on Dec. 5.

The Cusip number is 48128P548.

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