By Marisa Wong
Morgantown, W.Va., June 19 – JPMorgan Chase Financial Co. LLC priced $1.8 million of 0% capped gears due July 31, 2020 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, 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 return of 29%.
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.
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| Issue: | Capped gears
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| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $1.8 million
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| Maturity: | July 31, 2020
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | Par plus 3 times any ETF gain, capped at 29%; 1% loss per 1% decline
|
| Initial value: | $26.71
|
| Pricing date: | May 28
|
| Settlement date: | May 31
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132E851
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