New Issue: JPMorgan prices $355,000 capped buffered return enhanced notes on S&P, Russell, Dow

By Wendy Van Sickle

Columbus, Ohio, April 3 – JPMorgan Chase Financial Co. LLC priced $355,000 of 0% capped buffered return enhanced notes due Sept. 30, 2021 linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index gains, the payout at maturity will be par plus 1.5 times the return of the least-performing index, capped at par plus 22%.

If either index finishes flat or falls by up to 15% of its initial level, the payout will be par.

If either index falls by more than 15%, investors will lose 1% for every 1% that the least-performing index declines beyond the 15% 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:	Capped buffered return enhanced notes
Underlying indexes:	Dow Jones industrial average, S&P 500 and Russell 2000
Amount:	$355,000
Maturity:	Sept. 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 1.5 times return of least-performing index, capped at par plus 22%; par if either index finishes flat or falls up to 15% of initial level; 1% loss for every 1% that least-performing index declines beyond 15%
Initial levels:	22,552.17 for Dow, 1,180.319 for Russell 2000 and 2,630.07 for S&P 500
Buffer levels:	85% of initial levels
Pricing date:	March 26
Settlement date:	March 31
Agent:	J.P. Morgan Securities LLC
Fees:	2.125%
Cusip:	48132HT36

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