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Published on 6/19/2019 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $4.76 million bearish barrier autocallables on S&P 500

By Marisa Wong

Morgantown, W.Va., June 19 – JPMorgan Chase Financial Co. LLC priced $4.76 million of 0% bearish barrier early redeemable market-linked notes with daily barrier observation due Aug. 14, 2020 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 closes below the lower barrier, 75% of the initial index level, on any day during the life of the notes, the notes will be automatically redeemed at par plus a conditional return of 1%.

If the notes are not automatically redeemed and the index return is greater than or equal to zero, the payout at maturity will be par plus 1%.

If the notes are not called and the index return is less than zero, the payout will be par plus the absolute value of the index return. In this case, the payout will be capped at par plus 25%.

The agent is J.P. Morgan Securities LLC. UBS Financial Services Inc. is acting as selling agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Bearish barrier early redeemable market-linked notes with daily barrier observation
Underlying index:S&P 500
Amount:$4,758,000
Maturity:Aug. 14, 2020
Coupon:0%
Price:Par
Payout at maturity:If index return is greater than or equal to zero, par plus 1%; if index return is less than zero, par plus absolute value of index return, capped at par plus 25%
Call:Automatically at par plus 1% if index closes below lower barrier on any day during life of notes
Initial level:2,802.39
Lower barrier:2,101.79, initial level minus 25% of initial level
Pricing date:May 28
Settlement date:May 31
Agent:J.P. Morgan Securities LLC with UBS Financial Services Inc. as selling agent
Fees:None
Cusip:48130UQW8

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