New Issue: JPMorgan prices $3.58 million capped gears linked to oil & gas fund

By Marisa Wong

Morgantown, W.Va., May 5 – JPMorgan Chase Financial Co. LLC priced $3.58 million of 0% capped gears due June 29, 2018 linked to the SPDR S&P Oil & Gas Exploration and Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the fund return is greater than zero, the payout at maturity will be par of $10 plus three times the fund return, subject to a maximum gain of 25%. If the fund return is negative, investors will be exposed to the fund’s 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 Oil & Gas Exploration and Production ETF
Amount:	$3,975,250
Maturity:	June 29, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund return is greater than zero, par plus three times fund return, subject to 25% maximum gain; if fund return is negative, exposure to decline
Initial share price:	$36.09
Pricing date:	April 25
Settlement date:	April 28
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	2%
Cusip:	48129F465

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