JPMorgan to sell five-year trigger gears with no cap linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Aug. 9 – JPMorgan Chase Financial Co. LLC plans to price 0% trigger gears due Aug. 31, 2021 linked to the S&P 500 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 1.34 to 1.44 times the gain, with the exact upside gearing to be set at pricing.

If the index falls but finishes at or above the 75% downside threshold level, the payout will be par.

If the index falls by more than 25%, investors will be fully exposed to any losses.

UBS Financial Services Inc. and J.P. Morgan Securities LLC Inc. are the agents.

The notes will price on Aug. 26 and settle on Aug. 31.

The Cusip number is 46646X886.

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