New Issue: JPMorgan prices $940,000 capped buffered equity notes linked to Dow, Russell, S&P

By Kiku Steinfeld

Chicago, Oct. 13 – JPMorgan Chase Financial Co. LLC priced $940,000 of 0% capped buffered equity notes due Feb. 24, 2023 linked to the Dow Jones industrial average, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains, the payout at maturity will be par plus the gain of worst performing index capped at 13.25%. The payout will be par if the worst performing index declines but by no more than the 20% buffer. Investors will lose 1% for every 1% that the worst performing index declines 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:	Capped buffered equity notes
Underlying indexes:	Dow Jones industrial average, Russell 2000 index and S&P 500 index
Amount:	$940,000
Maturity:	Feb. 24, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain of worst performer capped at 13.25%; par if worst performing index declines but by no more than 20% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
Initial levels:	34,312.03 for Dow, 2,028.092 for Russell, 4,380.26 for S&P
Upside leverage:	100%
Cap:	13.25%
Buffer:	20%
Pricing date:	Feb. 17
Settlement date:	Feb. 23
Agent:	J.P. Morgan Securities LLC
Fees:	0.25%
Cusip:	48133DCS7

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