New Issue: JPMorgan sells $50,000 uncapped buffered equity notes on S&P 500

By William Gullotti

Buffalo, N.Y., Sept. 22 – JPMorgan Chase Financial Co. LLC priced $50,000 of 0% uncapped buffered equity notes due July 6, 2026 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 finishes above its upside threshold, 105% of initial level, the payout at maturity will be par plus 5% less than the index return.

If the index finishes below the upside threshold or declines by up to 15%, the payout will be par. Investors will be exposed to any losses beyond 15%.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped buffered equity notes
Underlying index:	S&P 500
Amount:	$50,000
Maturity:	July 6, 2026
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the index finishes above upside threshold, par plus 5% less than the index return; par if index finishes below the upside threshold or declines by up to 15%; otherwise, lose 1% for every 1% decline below 15%
Initial value:	4,297.5
Upside threshold:	4,512.375; or 105% of initial value
Buffer value:	85% of initial value
Pricing date:	June 30
Settlement date:	July 6
Agent:	J.P. Morgan Securities LLC
Fees:	0.5%
Cusip:	48132UEN9

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