By Sarah Lizee
Olympia, Wash., Dec. 10 – JPMorgan Chase Financial Co. LLC priced $4.6 million of 0% capped buffer gears due Nov. 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.
If the index return is positive, the payout at maturity will be par plus two times the index return, subject to a maximum payout of par plus 16.55%.
If the index finishes at or below the initial level but at or above the downside threshold, 90% of the initial level, the payout will be par.
Otherwise, investors will be exposed to losses beyond 10%.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffer gears
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| Underlying index: | Russell 2000
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| Amount: | $4,600,300
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| Maturity: | Nov. 30, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus two times any index gain, subject to a maximum payout of par plus 16.55%; par if index finishes at or below the initial level but at or above downside threshold; otherwise, investors will be exposed to losses beyond 10%
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| Initial value: | 1,621.904
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| Downside threshold: | 1,459.714, 90% of initial level
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| Pricing date: | Nov. 25
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| Settlement date: | Nov. 29
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| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
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| Fees: | 2%
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| Cusip: | 48132G153
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