By Marisa Wong
Morgantown, W.Va., June 26 – JPMorgan Chase Financial Co. LLC priced $6.89 million of 0% capped gears due Aug. 20, 2019 linked to the Russell 2500 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 triple any index gain, up to a maximum return of 12.3%.
Investors will be exposed to any 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: | Russell 2500 Value index
|
| Amount: | $6,889,000
|
| Maturity: | Aug. 20, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 3 times any index gain, capped at 12.3%; 1% loss per 1% decline
|
| Initial level: | 540.772
|
| Pricing date: | June 15
|
| Settlement date: | June 20
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48129N575
|
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