By Kiku Steinfeld
Chicago, Dec. 23 – JPMorgan Chase Financial Co. LLC priced $4.4 million of 0% capped gears due Feb. 17, 2022 linked to the S&P 500 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 triple any index gain, up to a maximum return of 13.25%.
Investors will be exposed to any losses.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $4,400,000
|
| Maturity: | Feb. 17, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 3 times any index gain, capped at 13.25%; 1% loss per 1% decline
|
| Initial value: | 3,647.49
|
| Pricing date: | Dec. 14
|
| Settlement date: | Dec. 17
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132Q409
|
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