New Issue: JPMorgan prices $340,000 capped notes due 2025 linked to index basket

By Sarah Lizee

Olympia, Wash., March 9 – JPMorgan Chase Financial Co. LLC priced $340,000 of 0% capped notes due Feb. 28, 2025 linked to an equally weighted basket of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par plus any basket gain, capped at par plus 55%. If the basket finishes flat or falls, the payout will be par plus the basket return, subject to a minimum payout of 90% of par.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped notes
Underlying basket:	Euro Stoxx 50 index, S&P 500 index and Russell 2000 index, equal weights
Amount:	$340,000
Maturity:	Feb. 28, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, capped at par plus 55%; if basket finishes flat or falls, par plus basket return, subject to minimum payout of 90% of par
Initial value:	2,954.22 for S&P, 1,476.431 for Russell, 3,329.49 for Stoxx
Pricing date:	Feb. 28
Settlement date:	March 4
Agent:	J.P. Morgan Securities LLC
Fees:	0.64706%
Cusip:	48132H3A8

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