By Marisa Wong
Los Angeles, Oct. 29 – JPMorgan Chase Financial Co. LLC priced $21.69 million of 0% capped gears due Dec. 31, 2021 linked to the SPDR Gold Trust, 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 plus triple any ETF gain, up to a maximum payout of par plus 18%. Investors will lose 1% for each 1% decline.
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 gears
|
| Underlying ETF: | SPDR Gold Trust
|
| Amount: | $21,688,500
|
| Maturity: | Dec. 31, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 3 times any ETF gain, capped at par plus 18%; 1% loss per 1% decline
|
| Initial value: | $179.02
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132N646
|
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