By Marisa Wong
Morgantown, W.Va., Oct. 2 – JPMorgan Chase Financial Co. LLC priced $5.98 million of 0% capped gears due Nov. 30, 2018 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 2 times the index return, subject to a maximum gain of 10.5%.
Investors will be fully exposed to losses.
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 gears
|
| Underlying index: | S&P 500
|
| Amount: | $5,978,930
|
| Maturity: | Nov. 30, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index return is greater than zero, par plus 2 times the index return, subject to maximum gain of 10.5%; full exposure to losses
|
| Initial level: | 2,496.84
|
| Pricing date: | Sept. 26
|
| Settlement date: | Sept. 29
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48129J632
|
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