New Issue: JPMorgan sells $6.53 million capped airbag gears tied to S&P 500

By Marisa Wong

Los Angeles, Oct. 12 – JPMorgan Chase Financial Co. LLC priced $6.53 million of 0% capped airbag gears due March 30, 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.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, capped at par plus 20.3%. Investors will receive par if the index falls by up to 10% and will lose 1.11111% for each 1% that the index may decline beyond 10%.

J.P. Morgan Securities LLC is the agent, and UBS Financial Services Inc. is placement agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped airbag gears
Underlying index:	S&P 500 index
Amount:	$6,532,000
Maturity:	March 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at par plus 20.3%; par if index falls by up to 10%; 1.11111% loss for each 1% index decline beyond 10%
Initial value:	3,298.46
Downside threshold:	2,968.61, 90% of initial value
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	J.P. Morgan Securities LLC with UBS Financial Services Inc. as placement agent
Fees:	None
Cusip:	48132PFQ2

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