New Issue: Barclays sells $1.45 million 2% capped buffer gears linked to S&P 500

By Sarah Lizee

Olympia, Wash., July 3 – JPMorgan Chase Financial Co. LLC priced $1.45 million of 2% capped buffer gears due June 30, 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 greater than zero, the payout at maturity will be par of $10 plus 1.5 times the index return, capped at par plus 12%. Investors will receive par if the index declines by 10% or less and lose 1% for every 1% that the index declines beyond 10%.

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 buffer gears
Underlying index:	S&P 500
Amount:	$1,454,600
Maturity:	June 30, 2021
Coupon:	2%, payable annually
Price:	Par of $10
Payout at maturity:	If the index return is greater than zero, par plus 1.5 times the index return, capped at par plus 12%; par if the index declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial level:	2,917.38
Downside threshold:	2,625.64, 90% of initial level
Pricing date:	June 25
Settlement date:	June 28
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	None
Cusip:	48132E638

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