New Issue: JPMorgan sells $500,000 return notes linked to basket of 30 stocks

By Kiku Steinfeld

Chicago, Aug. 9 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% return notes due Aug. 2, 2022 linked to an unequally weighted basket of 30 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The stocks are Nucor Corp. (7.566787% weight), Prologis, Inc. (7.262356% weight), Martin Marietta Materials, Inc. (6.608934% weight), Autodesk, Inc. (6.462363% weight), United Rentals, Inc. (6.089902% weight), Deere & Co. (5.807247% weight), Caterpillar Inc. (5.779168%weight), ANSYS, Inc. (5.163898% weight), Xylem Inc. (4.958628% weight), Vulcan Materials Co. (4.849689% weight), Steel Dynamics, Inc. (3.336172% weight), A. O. Smith Corp. (3.311283% weight), Quanta Services, Inc. (3.189335% weight), Jacobs Engineering Group Inc. (2.985539% weight), Oshkosh Corp. (2.869263% weight), PTC Inc. (2.836131% weight), MasTec, Inc. (2.514308% weight), AECOM (1.973464% weight), Evoqua Water Technologies Corp. (1.797354% weight), KBR, Inc. (1.756262% weight), Eagle Materials Inc. (1.570573% weight), ITT Inc. (1.468527% weight), Summit Materials, Inc. (1.467980% weight), MDU Resources Group Inc. (1.406567%), Commercial Metals Co. (1.377338% weight), Valmont Industries, Inc. (1.301625% weight), EMCOR Group, Inc. (1.182139% weight), Tetra Tech, Inc. (1.168009% weight), CNH Industrial N.V. (1.040731% weight) and Dycom Industries, Inc. (0.898428% weight).

Investors will be exposed to 98.75% of the basket return.

Because the basket adjustment factor is 98.75%, investors will lose some or all of the principal amount at maturity if the basket return reflects a decline in the closing level of the basket of more than about 1.26582%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Return notes
Underlying basket:	Nucor Corp. (7.566787% weight), Prologis, Inc. (7.262356% weight), Martin Marietta Materials, Inc. (6.608934% weight), Autodesk, Inc. (6.462363% weight), United Rentals, Inc. (6.089902% weight), Deere & Co. (5.807247% weight), Caterpillar Inc. (5.779168%weight), ANSYS, Inc. (5.163898% weight), Xylem Inc. (4.958628% weight), Vulcan Materials Co. (4.849689% weight), Steel Dynamics, Inc. (3.336172% weight), A. O. Smith Corp. (3.311283% weight), Quanta Services, Inc. (3.189335% weight), Jacobs Engineering Group Inc. (2.985539% weight), Oshkosh Corp. (2.869263% weight), PTC Inc. (2.836131% weight), MasTec, Inc. (2.514308% weight), AECOM (1.973464% weight), Evoqua Water Technologies Corp. (1.797354% weight), KBR, Inc. (1.756262% weight), Eagle Materials Inc. (1.570573% weight), ITT Inc. (1.468527% weight), Summit Materials, Inc. (1.467980% weight), MDU Resources Group Inc. (1.406567%), Commercial Metals Co. (1.377338% weight), Valmont Industries, Inc. (1.301625% weight), EMCOR Group, Inc. (1.182139% weight), Tetra Tech, Inc. (1.168009% weight), CNH Industrial N.V. (1.040731% weight) and Dycom Industries, Inc. (0.898428% weight)
Amount:	$500,000
Maturity:	Aug. 2, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par times 98.75% of the basket return
Pricing date:	July 16
Settlement date:	July 21
Agent:	J.P. Morgan Securities Inc.
Fees:	0.75%
Cusip:	48129KBH2

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