By Susanna Moon
Chicago, Dec. 10 – JPMorgan Chase Financial Co. LLC priced $9.36 million of 0% capped gears due July 6, 2020 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 5 times any index gain, up to a maximum return of 12% to 61.75%.
Investors will lose 1% for each 1% decline.
The notes are guaranteed by JPMorgan Chase & Co.
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 gears
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| Underlying index: | Euro Stoxx Banks
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| Amount: | $9,363,000
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| Maturity: | July 6, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 5 times any index gain, capped at 61.75%; 1% loss per 1% decline
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| Initial level: | 96.89
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 5
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48130V434
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