JPMorgan plans capped trigger gears due 2022 tied to index basket

By Sarah Lizee

Olympia, Wash., Sept. 25 – JPMorgan Chase Financial Co. LLC plans to price 0% capped trigger gears due Sept. 30, 2022 linked to an unequally-weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 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 5 times the basket return, capped at par plus 38.25% to 42.5%.

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%.

J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.

The notes will price on Sept. 26.

The Cusip number is 48132G781.

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