New Issue: JPMorgan prices $9.59 million capped trigger gears linked to iShares EMCI EM

By Angela McDaniels

Tacoma, Wash., Oct. 30 – JPMorgan Chase Financial Co. LLC priced $9.59 million of 0% capped trigger gears due Oct. 30, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the ETF return is greater than zero, the payout at maturity will be par of $10 plus two times the ETF return, subject to a maximum return of 36%. Investors will receive par if the ETF declines by 20% or less and be fully exposed to the ETF’s decline from its initial share price if it declines by more than 20%.

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 ETF:	iShares MSCI Emerging Markets ETF
Amount:	$9,585,250
Maturity:	Oct. 30, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If ETF return is greater than zero, par plus two times ETF return, subject to maximum return of 36%; par if ETF return is less than or equal to zero and final share price is greater than or equal to downside threshold; full exposure to ETF’s decline from initial share price if ETF finishes below downside threshold
Initial share price:	$45.48
Downside threshold:	$36.38, 80% of initial share price
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	2.5%
Cusip:	48129J319

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