By Marisa Wong
Los Angeles, Dec. 30 – JPMorgan Chase Financial Co. LLC priced $3.18 million of 0% capped gears due Jan. 31, 2022 linked to the SPDR S&P MidCap 400 ETF 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 of $10 plus 3 times any ETF gain, capped at par plus 13.35%.
Investors will be fully exposed to any ETF 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 S&P MidCap 400 ETF Trust
|
| Amount: | $3,184,920
|
| Maturity: | Jan. 31, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 3 times any ETF gain, capped at par plus 13.35%; full exposure to losses
|
| Initial value: | $404.66
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132N380
|
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