By Marisa Wong
Los Angeles, Sept. 1 – JPMorgan Chase Financial Co. LLC priced $5.35 million of 0% trigger gears due Aug. 29, 2025 linked to the Russell 1000 Value 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 plus 1.3825 times any index gain.
If the index falls by up to 25%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger gears
|
| Underlying index: | Russell 1000 Value index
|
| Amount: | $5,347,700
|
| Maturity: | Aug. 29, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.3825 times any index gain; if index falls by up to 25%, par; otherwise, 1% loss for each 1% decline below initial level
|
| Initial level: | 1,192.298
|
| Downside threshold: | 894.224, 75% of initial level
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 48132L152
|
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