By William Gullotti
Buffalo, N.Y., July 23 – JPMorgan Chase Financial Co. LLC priced $3.87 million of 0% trigger gears due July 20, 2026 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 1.18 times any index gain.
If the index falls by up to 25%, the payout will be par.
If the index falls by more than 25%, investors will be fully exposed to the index decline from its initial level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,867,070
|
| Maturity: | July 20, 2026
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.18 times any index gain; if index falls by up to 25%, par; otherwise, full exposure to decline from initial level
|
| Initial level: | 4,360.03
|
| Downside threshold: | 3,270.02; 75% of initial level
|
| Pricing date: | July 15
|
| Settlement date: | July 20
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 46652Y547
|
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