New Issue: JPMorgan sells $7.21 million capped buffer return notes tied to S&P 500

By Susanna Moon

Chicago, Nov. 7 – JPMorgan Chase Financial Co. LLC priced $7.21 million of 0% buffered return enhanced notes due Oct. 28, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 15%.

Investors will receive par if the index falls but by up to 27% and will lose 1% for each 1% decline beyond the buffer.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying index:	S&P 500
Amount:	$7,212,000
Maturity:	Oct. 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times of any index gain, capped at 15%; if asset falls by up to 27%, par; otherwise, 1% loss for each 1% decline beyond 27%
Initial level:	2,658.69
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48130U7M1

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