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Published on 7/29/2016 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $2.62 million capped buffered gears linked to S&P 500

By Angela McDaniels

Tacoma, Wash., July 29 – JPMorgan Chase Financial Co. LLC priced $2.62 million of 0% capped buffered gears due July 31, 2019 linked to the S&P 500 index, according to a 424B8 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 double any index gain, up to a maximum return of 28.25%. Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% that it may decline beyond 15%.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Capped buffered gears
Underlying index:S&P 500
Amount:$2,623,000
Maturity:July 31, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus double any index gain, up to 28.25% maximum return; par if index falls by up to 15%; 1% loss for every 1% that index may decline beyond 15%
Initial index level:2,169.18
Downside threshold:1,843.80, 85% of initial level
Pricing date:July 26
Settlement date:July 29
Agents:UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:0.5%
Cusip:46646W292

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