New Issue: JPMorgan sells $4.11 million capped gears linked to index basket

By Wendy Van Sickle

Columbus, Ohio, March 9 – JPMorgan Chase Financial Co. LLC priced $4.11 million of 0% capped gears due April 29, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The basket contains the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.% weight, the Swiss Market index with a 10% weight and the the S&P/ASX 200 index with a 7.5% weight.

If the basket return is greater than zero, the payout at maturity will be par plus triple the basket return, capped at par plus 17%. If the basket return is negative, investors will be exposed to the basket’s decline.

J.P. Morgan is the underwriter with UBS Financial Services Inc. as selling agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped gears
Underlying indexes:	Euro Stoxx 50 (40% weight), Nikkei 225 (25% weight), FTSE 100 (17.5% weight), Swiss Market (10% weight), S&P/ASX 200 (7.5% weight)
Amount:	$4,110,740
Maturity:	April 29, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket return is greater than zero, par plus three times basket return, capped at par plus 17%; if basket return is negative, exposure to decline
Initial levels:	3,705.99 for Euro Stoxx, 29,671.7 for Nikkei, 6,658.97 for FTSE, 10,727.7 for Swiss Market, 6,777.817 for S&P/ASX
Pricing date:	Feb. 24
Settlement date:	Feb. 26
Underwriter:	J.P. Morgan with UBS Financial Services Inc. as selling agent
Fees:	2%
Cusip:	48132Q326

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