By Marisa Wong
Los Angeles, Aug. 28 – JPMorgan Chase Financial Co. LLC priced $11,540,260 of 0% capped gears due Oct. 29, 2021 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.
If the index return is positive, the payout at maturity will be par plus 3 times the index gain, capped at par plus 13.1%.
Otherwise, investors will be fully exposed to the index decline.
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 gears
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| Underlying index: | S&P 500
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| Amount: | $11,540,260
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| Maturity: | Oct. 29, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 3 times any index gain, capped at par plus 13.1%; full exposure to any index decline
|
| Initial index level: | 3,478.73
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
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| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 48132L178
|
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