By William Gullotti
Buffalo, N.Y., Aug. 11 – JPMorgan Chase Financial Co. LLC priced $5.41 million of 0% capped trigger gears due July 31, 2024 linked to the MSCI Emerging Markets index, 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 double any index gain, capped at par plus 35.25%.
If the index falls by up to 25%, the payout will be par.
If the index falls by more than 25%, investors will be fully exposed to the index decline from its initial level.
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: | Capped trigger gears
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Underlying index: | MSCI Emerging Markets index
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Amount: | $5,408,700
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Maturity: | July 31, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus two times any index gain, capped at par plus 35.25%; par if the index falls by up to 25%; otherwise, full exposure to index decline from its initial level
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Initial level: | 1,268.21
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Downside threshold: | 951.16; 75% of initial level
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Pricing date: | July 28
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Settlement date: | July 30
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | 2.5%
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Cusip: | 48132X867
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