New Issue: JPMorgan prices $3.64 million trigger gears linked to S&P 500

By Sarah Lizee

Olympia, Wash., Dec. 9 – JPMorgan Chase Financial Co. LLC priced $3.64 million of 0% trigger gears due Nov. 30, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.235 times the index return. Investors will receive par if the index declines by 25% or less and have one-to-one exposure to the index’s decline from its initial level if it declines by more than 25%.

The notes are guaranteed by JPMorgan Chase & Co.

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
Amount:	$3,637,370
Maturity:	Nov. 30, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is greater than zero, par plus 1.235 times index return; par if index declines by 25% or less; full exposure to index’s decline from initial level if index declines by more than 25%
Initial level:	3,133.64
Downside threshold:	2,350.23, or 75% of initial level
Pricing date:	Nov. 25
Settlement date:	Nov. 29
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	None
Cusip:	48132G146

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