By Marisa Wong
Los Angeles, April 1 – JPMorgan Chase Financial Co. LLC priced $6,498,100 of 0% capped trigger gears due March 28, 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 2 times any index gain, capped at par plus 33.1%.
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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped trigger gears
|
| Underlying index: | MSCI Emerging Markets index
|
| Amount: | $6,498,100
|
| Maturity: | March 28, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 2 times any index gain, capped at par plus 33.1%; par if index falls by up to 25%; full exposure to decline from initial level if index finishes below downside threshold
|
| Initial level: | 1,310.11
|
| Downside threshold: | 982.58, 75% of initial level
|
| Pricing date: | March 29
|
| Settlement date: | March 31
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 48132V713
|
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