New Issue: JPMorgan prices $650,000 buffered return enhanced notes linked to basket

By Angela McDaniels

Tacoma, Wash., Sept. 25 – JPMorgan Chase Financial Co. LLC priced $650,000 of 0% uncapped buffered return enhanced notes due Sept. 26, 2022 linked to a basket consisting of the S&P 500 index with a 50% weight, the Russell 2000 index with a 20% weight, the iShares MSCI EAFE exchange-traded fund with a 15% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 15% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the basket return is positive, the payout at maturity will be par plus 1.1 times the basket return. Investors will receive par if the basket declines by 20% or less and will lose 1% for every 1% that the basket may decline beyond 20%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped buffered return enhanced notes
Underlying basket:	S&P 500 index (50% weight), Russell 2000 index (20% weight), iShares MSCI EAFE ETF (15% weight) and iShares MSCI Emerging Markets ETF (15% weight)
Amount:	$650,000
Maturity:	Sept. 26, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.1 times any basket gain; par if basket declines by 20% or less; 1% loss for every 1% that basket may decline beyond 20%
Initial levels:	2,500.60 for S&P 500; 1,444.184 for Russell 2000; $68.18 for EAFE ETF; $45.64 for EM ET
Pricing date:	Sept. 21
Settlement date:	Sept. 26
Agent:	J.P. Morgan Securities LLC
Fees:	0.5%
Cusip:	46647M6T5

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