New Issue: JPMorgan prices $595,000 capped buffered equity notes on index, ETF basket

By Kiku Steinfeld

Chicago, Feb. 7 – JPMorgan Chase Financial Co. LLC priced $595,000 of 0% capped buffered equity notes due Sept. 6, 2023 linked to a basket consisting of the S&P 500 index with a 70% weight, the Russell 2000 index with a 10% weight and the iShares MSCI EAFE exchange-traded fund with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any basket gain, up to a maximum return of 12.4%.

Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

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 equity notes
Underlying basket:	S&P 500 index (70% weight), Russell 2000 index (10% weight), iShares MSCI EAFE ETF (20% weight)
Amount:	$595,000
Maturity:	Sept. 6, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, capped at 12.4%; par if basket falls by up to 15%; 1% loss for every 1% decline beyond 15%
Initial level:	4,522.68 for S&P, 2,273.774 for Russell, $80.64 for ETF
Buffer level:	85% of initial level
Pricing date:	Aug. 31
Settlement date:	Sept. 3
Agent:	J.P. Morgan Securities LLC
Fees:	0.4%
Cusip:	48132WKG3

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