By William Gullotti
Buffalo, N.Y., Sept. 8 – JPMorgan Chase Financial Co. LLC priced $11.65 million of 0% trigger gears due Sept. 3, 2027 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 1.03 times any index gain.
If the index falls by up to 50%, the payout will be par.
If the index falls by more than 50%, 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.
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| Issue: | Trigger gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $11.65 million
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| Maturity: | Sept. 3, 2027
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.03 times any index gain; if index falls by up to 50%, par; otherwise, full exposure to decline from initial level
|
| Initial level: | 3,955.0
|
| Downside threshold: | 1,977.5; 50% of initial level
|
| Strike date: | Aug. 31
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| Pricing date: | Sept. 1
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| Settlement date: | Sept. 8
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 3.5%
|
| Cusip: | 48133H317
|
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