By William Gullotti
Buffalo, N.Y., Nov. 27 – JPMorgan Chase Financial Co. LLC priced $2.19 million of 0% capped buffer gears due Dec. 1, 2025 linked to the iShares Semiconductor ETF, 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 of $10 plus 1.5 times any ETF gain, capped at par plus 39.1%.
If the ETF falls by up to 20%, the payout will be par. Investors will lose 1% for every 1% ETF decline beyond 20%.
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 buffer gears
|
| Underlying fund: | iShares Semiconductor ETF
|
| Amount: | $2,191,750
|
| Maturity: | Dec. 1, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.5 times any ETF gain, capped at par plus 39.1%; par if ETF falls by up to 20%; 1% loss per 1% decline beyond 20%
|
| Initial value: | $515.61
|
| Downside threshold: | $412.488; 80% of initial level
|
| Pricing date: | Nov. 17
|
| Settlement date: | Nov. 22
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48131D805
|
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