New Issue: JPMorgan sells $2.03 million two-year trigger in-step notes tied to S&P

By Susanna Moon

Chicago, Oct. 15 – JPMorgan Chase Financial Co. LLC priced $2.03 million of 0% capped trigger in-step securities due Sept. 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the underlying index finishes at or above its 80% downside threshold, the payout at maturity will be par of $10 plus the greater of the 8% step return and any gain up to a maximum return of 15.8%.

Otherwise, investors will be fully exposed to any losses.

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
Guarantor:	JPMorgan Chase & Co.
Issue:	Trigger in-step securities
Underlying index:	S&P 500 index
Amount:	$2,027,200
Maturity:	Sept. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 80% downside threshold, par plus greater of 8% and the index return capped at 15.8%; otherwise, 1% loss per 1% decline
Initial level:	2,915.56
Downside threshold:	2,332.45, 80% of initial level
Pricing date:	Sept. 25
Settlement date:	Sept. 28
Agents:	J.P. Morgan Securities LLC and UBS Financial Services Inc.
Fees:	2%
Cusip:	48130V780

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