By Devika Patel
Knoxville, Tenn., Dec. 2 – JPMorgan Chase Financial Co. LLC priced $3.95 million of 0% capped trigger gears due Nov. 29, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above the initial level, the payout at maturity will be par plus double the gain, capped at 59.48%.
If the index falls but finishes at or above the 70% downside threshold level, the payout will be par.
If the index falls by more than 30%, investors will lose 1% for each 1% decline from the initial level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped trigger gears
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| Underlying index: | Euro Stoxx 50
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| Amount: | $3,951,180
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| Maturity: | Nov. 29, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus double any index gain, capped at 59.48%; par if index declines by 30% or less; 1% loss for each 1% decline from initial level if index falls beyond 30%
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| Initial index level: | 3,016.80
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| Downside threshold: | 2,111.76, 70% of initial level
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| Pricing date: | Nov. 28
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| Settlement date: | Nov. 30
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2.5%
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| Cusip: | 48128P753
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