New Issue: JPMorgan prices $1.56 million capped trigger in-step securities tied to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, April 27 – JPMorgan Chase Financial Co. LLC priced prices $1.56 million of 0% capped trigger in-step securities due Oct. 31, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final index level is greater than or equal to the downside threshold, 80% of the initial index level, the payout at maturity will be par of $10 plus the greater of the step return of 10% and the index return, subject to a maximum return of 26.5%. If the final index level is less than the downside threshold, investors will have one-to-one exposure to the index’s decline from its initial level.

J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped trigger in-step securities
Underlying index:	Russell 2000 index
Amount:	$1,559,600
Maturity:	Oct. 31, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above downside threshold, par plus greater of 10% and index return; capped at 26.5%; otherwise, full exposure to loss
Initial index level:	1,411.077
Downside threshold:	1,128.862, 80% of initial level
Pricing date:	April 25
Settlement date:	April 28
Agents:	J.P. Morgan Securities LLC and UBS Financial Services Inc.
Fees:	2.25%
Cusip:	48129F515

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