New Issue: JPMorgan sells $2.06 million capped airbag gears linked to MSCI EAFE

By Taylor Fox

New York, Sept. 25 – JPMorgan Chase Financial Co. LLC priced $2.06 million of 0% capped airbag gears due March 10, 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 15%. Investors will receive par if the index falls by up to 12.25% and will lose 1.1396% for each 1% that the index may decline beyond 12.25%.

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:	$2,064,000
Maturity:	March 10, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at par plus 15%; par if index falls by up to 12.25%; 1.1396% loss for each 1% index decline beyond 12.25%
Initial level:	1,896.99
Downside threshold:	1,664.61, 87.75% of initial level
Pricing date:	Sept. 11
Settlement date:	Sept. 16
Agents:	J.P. Morgan Securities LLC and UBS Financial Services Inc.
Fees:	None
Cusip:	48132PAL8

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