By Marisa Wong
Morgantown, W.Va., Feb. 5 – JPMorgan Chase Financial Co. LLC priced $6,193,560 of 0% capped trigger gears due Jan. 29, 2021 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF return is greater than zero, the payout at maturity will be par of $10 plus two times the ETF return, subject to a maximum return of 36%. Investors will receive par if the ETF declines by 20% or less and be fully exposed to the ETF’s decline from its initial share price if it declines by more than 20%.
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 trigger gears
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| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $6,193,560
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| Maturity: | Jan. 29, 2021
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If ETF return is greater than zero, par plus two times ETF return, subject to maximum return of 36%; par if ETF falls by up to 20%; full exposure to ETF’s decline from initial share price if ETF finishes below downside threshold
|
| Initial share price: | $52.08
|
| Downside threshold: | $41.66, 80% of initial share price
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 31
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 48129K472
|
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