New Issue: JPMorgan prices $2.14 million buffered return enhanced notes on S&P 500, Russell

By Susanna Moon

Chicago, Feb. 27 – JPMorgan Chase Financial Co. LLC priced $2.14 million of uncapped buffered return enhanced notes due Feb. 28, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If each index finishes at or above its 130% upside threshold, the payout at maturity will be par plus 1.25 times the gain of the worse performing index above the contingent minimum return of 30%.

If each index finishes at or above its initial level by up to the upside threshold, the payout will be par plus the contingent minimum return.

Investors will receive par if the index falls by up to 30% and will be exposed to any losses beyond 30%.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped buffered return enhanced notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$2,141,000
Maturity:	Feb. 28, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains by more than 30%, par plus 1.25 times return of worse performing index above 30%; if par each index gains by up to 30%, par plus 30%; par if either index falls by up to 30%; exposure to losses beyond 30%
Initial levels:	2,363.81 for S&P, 1,394.623 for Russell
Upside thresholds:	3,072.953 for S&P, 1,813.0099 for Russell; 130% of initial levels
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	J.P. Morgan Securities LLC
Fees:	0.49089%
Cusip:	46646QZN8

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