New Issue: JPMorgan sells $2.63 million capped gears linked to 50-50 ETF basket

By William Gullotti

Buffalo, N.Y., March 21 – JPMorgan Chase Financial Co. LLC priced $2.63 million of 0% capped gears due May 20, 2024 linked to a basket equally weighted between the Energy Select Sector SPDR Fund and the Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the basket return is greater than zero, the payout at maturity will be par plus triple the basket return, capped at par plus 27%. If the basket return is negative, investors will be fully exposed to the basket’s decline.

J.P. Morgan is the underwriter with UBS Financial Services Inc. as selling agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped gears
Underlying funds:	Energy Select Sector SPDR Fund, Financial Select Sector SPDR Fund; equal weights
Amount:	$2,627,000
Maturity:	May 20, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket return is greater than zero, par plus three times basket return, capped at par plus 27%; if basket return is negative, exposure to decline
Initial levels:	$77.36 for Energy, $31.41 for Financial
Pricing date:	March 15
Settlement date:	March 20
Underwriter:	J.P. Morgan with UBS Financial Services Inc. as selling agent
Fees:	2%
Cusip:	48133K278

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