New Issue: JPMorgan sells $500,000 capped return enhanced notes on mixed basket

By William Gullotti

Buffalo, N.Y., July 25 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped return enhanced notes due Sept. 1, 2023 linked to a weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 20% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the iShares China Large-Cap ETF with a 5% weight.

The notes are guaranteed by JPMorgan Chase & Co.

If the basket finishes above its initial value, the payout at maturity will be par plus three times the gain with the payout capped at par plus 23.5%.

Investors will be fully exposed to any basket decline.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped return enhanced notes
Underlying assets:	Euro Stoxx 50 index (40% weight), Nikkei 225 index (20% weight), FTSE 100 index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight), iShares China Large-Cap ETF (5% weight)
Amount:	$500,000
Maturity:	Sept. 1, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus three times any basket gain, capped at par plus 23.5%; full exposure to losses
Initial values:	3,538.88 for Stoxx, 26,871.27 for Nikkei, 7,258.32 for FTSE, 10,906.82 for Swiss Market, 6,705.951 for S&P/ASX, $34.12 for iShares China
Pricing date:	June 27
Settlement date:	June 30
Agent:	J.P. Morgan Securities LLC
Fees:	2.35%
Cusip:	48133GR39

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