By Susanna Moon
Chicago, May 3 – JPMorgan Chase Financial Co. LLC priced $8.87 million of 0% capped trigger gears due April 30, 2021 linked to the Russell 2000 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 2 times any index gain, up to a maximum return of 31.3%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below its 75% downside threshold level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped trigger gears
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| Underlying index: | Russell 2000
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| Amount: | $8,869,250
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| Maturity: | April 30, 2021
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 2 times any index gain, capped at 31.3%; par if the index falls by up to 25%; full exposure to any losses if index finishes below downside threshold
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| Initial level: | 1,550.467
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| Downside threshold: | 1,162.85, 75% of initial level
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| Pricing date: | April 25
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| Settlement date: | April 30
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48129L355
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