By Marisa Wong
Morgantown, W.Va., July 14 – JPMorgan Chase Financial Co. LLC priced $952,320 of 0% trigger gears due June 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.85 times the index return.
Investors will receive par if the index declines by 25% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger gears
|
| Underlying index: | S&P 500
|
| Amount: | $952,320
|
| Maturity: | June 30, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index return is greater than zero, par plus 1.85 times the index return; par if the index declines by 25% or less; full exposure to the index’s decline from its initial level if it declines by more than 25%
|
| Initial level: | 3,535.70
|
| Downside threshold: | 2,651.78, 75% of initial level
|
| Pricing date: | June 28
|
| Settlement date: | June 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48129G620
|
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