By Marisa Wong
Morgantown, W.Va., July 18 – JPMorgan Chase Financial Co. LLC priced $4.14 million of 0% capped trigger gears due June 30, 2021 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.
The payout at maturity will be par of $10 plus 5 times any index gain, subject to a maximum return of 54%.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below its 70% downside threshold level.
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 trigger gears
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $4,138,550
|
| Maturity: | June 30, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 5 times any index gain, subject to a maximum return of 54%; par if the index falls by up to 30%; full exposure to any losses if index finishes below downside threshold
|
| Initial level: | 3,397.13
|
| Downside threshold: | 2,377.99, 70% of initial level
|
| Pricing date: | June 27
|
| Settlement date: | June 29
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 48129N674
|
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