New Issue: JPMorgan prices $1.87 million uncapped contingent buffered notes tied to index, fund

By Susanna Moon

Chicago, Feb. 14 – JPMorgan Chase Financial Co. LLC priced $1.87 million of 0% uncapped contingent buffered equity notes due Feb. 10, 2022 linked to the lesser performing of the Russell 2000 index and the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If each component finishes at or above 50% threshold level, the payout at maturity will be par plus the greater of the gain of the worse performing index and the contingent minimum return of 23.5%.

Otherwise, investors will be fully exposed to any losses of the worse performing component.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Contingent buffered equity notes
Underlying assets:	Russell 2000 index, Financial Select Sector SPDR fund
Amount:	$1,869,000
Maturity:	Feb. 10, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each component gains, par plus return of worse performing index or fund, floor of 23.5%; otherwise, 1% loss per 1% drop of worse performing component
Initial levels:	1,361.061 for Russell, $23.55 for financial fund
Contingent buffer:	50%
Pricing date:	Feb. 7
Settlement date:	Feb. 10
Agent:	J.P. Morgan Securities LLC
Fees:	0.75%
Cusip:	46646QZY4

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