Chicago, May 3 – JPMorgan Chase Financial Co. LLC priced $50.49 million of 0% capped gears due June 28, 2024 linked to the Euro Stoxx 50 index converted into U.S. dollars, 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 25.03%.
Investors will be exposed to any losses.
The initial value was based on an exchange rate of 1.10435 on the trade date. The underlying currency is the euro. The exchange rate will be measured at 11 a.m. ET on the relevant day.
Investors in the securities will therefore have composite economic exposure to the performance of the underlying as well as the performance of the euro relative to the U.S. dollar.
If the U.S. dollar appreciates against the euro, investors may lose some or all of their investment, even if the underlying has increased in value
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 assets: | Euro Stoxx 50 index, euro, U.S. dollar
|
| Amount: | $50,492,000
|
| Maturity: | June 28, 2024
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus three times any index gain, capped at 25.03%; 1% loss per 1% decline
|
| Initial value: | 4,801.39
|
| Pricing date: | April 26
|
| Settlement date: | April 28
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48130Y438
|
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