By Marisa Wong
Morgantown, W.Va., Nov. 6 – JPMorgan Chase Financial Co. LLC priced $4.24 million of 0% trigger gears due Oct. 30, 2020 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 20% weight, the FTSE 100 index with a 20% weight, the S&P/ASX 200 index with a 7.5% weight, the Swiss Market index with a 7.5% weight and the Hang Seng index with a 5% weight.
If the basket return is greater than zero, the payout at maturity will be par of $10 plus 1.96 times the basket return. Investors will receive par if the basket declines by 25% or less and be fully exposed to the basket’s decline from its initial level if it declines by more than 25%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger gears
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| Underlying indexes: | Euro Stoxx 50 (40% weight), Nikkei 225 (20% weight), FTSE 100 (20% weight), S&P/ASX 200 (7.5% weight), Swiss Market (7.5% weight) and Hang Seng (5% weight)
|
| Amount: | $4,238,000
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| Maturity: | Oct. 30, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If basket return is greater than zero, par plus 1.96 times basket return; par if basket return declines by 25% or less; full exposure to basket’s decline from initial level if it falls by more than 25%
|
| Pricing date: | Oct. 27
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| Settlement date: | Oct. 31
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | None
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| Cusip: | 48129J285
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