By Sarah Lizee
Olympia, Wash., May 30 – JPMorgan Chase Financial Co. LLC priced $4.77 million of 0% trigger gears due May 28, 2021 linked to the S&P 500 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 1.26 times any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below its 75% downside threshold 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: | Trigger gears
|
| Underlying index: | S&P 500
|
| Amount: | $4,769,000
|
| Maturity: | May 28, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.26 times any index gain; par if the index falls by up to 25%; full exposure to any losses if index finishes below downside threshold
|
| Initial level: | 2,721.33
|
| Downside threshold: | 2,041, 75% of initial level
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48129N880
|
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