New Issue: JPMorgan prices $795,000 capped notes due 2022 linked to S&P

By Sarah Lizee

Olympia, Wash., March 5 – JPMorgan Chase Financial Co. LLC priced $795,000 of 0% capped notes due Feb. 28, 2022 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 plus any index gain, capped at par plus 23.5%. If the index finishes flat or falls, the payout will be par plus the index return, subject to a minimum payout of 85% of par.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped notes
Underlying index:	S&P 500 index
Amount:	$795,000
Maturity:	Feb. 28, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at par plus 23.5%; if index finishes flat or falls, par plus the index return, subject to a minimum payout of 85% of par
Initial value:	3,128.21
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48132HF98

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