By William Gullotti
Buffalo, N.Y., Dec. 9 – JPMorgan Chase Financial Co. LLC priced $4.39 million of 0% trigger gears due Oct. 19, 2027 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 of $10 plus 1.31 times any index gain.
If the index falls by up to 25%, the payout will be par.
If the index falls by more than 25%, 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.
|
| Issue: | Trigger gears
|
| Underlying index: | Russell 1000 Value index
|
| Amount: | $4,392,900
|
| Maturity: | Oct. 19, 2027
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.31 times any index gain; if index falls by up to 25%, par; otherwise, full exposure to decline from initial level
|
| Initial level: | 1,358.591
|
| Downside threshold: | 1,018.943; 75% of initial level
|
| Pricing date: | Oct. 14
|
| Settlement date: | Oct. 19
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 3.5%
|
| Cusip: | 48133J750
|
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