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Published on 9/6/2020 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $2.03 million capped airbag gears linked to MSCI EAFE

By Marisa Wong

Los Angeles, Sept. 8 – JPMorgan Chase Financial Co. LLC priced $2.03 million of 0% capped airbag gears due Sept. 20, 2022 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum gain of 20%. Investors will receive par if the index falls by up to 14.3% and will lose 1.16686% for each 1% that the index may decline beyond 14.3%.

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

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Capped airbag gears
Underlying index:MSCI EAFE index
Amount:$2,027,000
Maturity:Sept. 20, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.5 times any index gain, capped at par plus 20%; par if index falls by up to 14.3%; 1.16686% loss for each 1% index decline beyond 14.3%
Initial level:1,917.08
Downside threshold:1,642.94, 85.7% of initial level
Pricing date:Aug. 26
Settlement date:Aug. 31
Agents:J.P. Morgan Securities LLC and UBS Financial Services Inc.
Fees:None
Cusip:48132MH46

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