New Issue: JPMorgan prices $13.59 million dual directional trigger participation securities on S&P

New York, Aug. 2 – JPMorgan Chase Financial Co. LLC priced $13.59 million of 0% dual directional trigger participation securities due Aug. 22, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus the return of the index subject to a maximum return of par plus 11%. Investors will receive par plus 100% of the absolute value of the index return if the index declines but ends at or above its 85% trigger and will lose 1% for every 1% that the index declines if it finishes below its trigger.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent. Morgan Stanley will act as distributor.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Dual directional trigger participation securities
Underlying index:	S&P 500 index
Amount:	$13,585,000
Maturity:	Aug. 22, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains par plus index return subject to a maximum return of par plus 11%; par plus 100% of absolute value of index return if index declines but ends at or above the 85% trigger; 1% loss for every 1% that index declines if it finishes below its trigger
Initial levels:	4,522.79
Trigger level:	3,844.3715, 85% of initial level
Cap:	11%
Pricing date:	July 17
Settlement date:	July 20
Agent:	J.P. Morgan Securities LLC
Distributor:	Morgan Stanley
Fees:	2.25% including a structuring fee of 0.5%
Cusip:	48133YHD9

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