New Issue: JPMorgan sells $956,000 capped dual directional buffered notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 5 – JPMorgan Chase Financial Co. LLC priced $956,000 of 0% capped dual directional buffered equity notes due Jan. 31, 2020 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the return of the laggard index is positive, the payout at maturity will be par plus the laggard index gain, subject to a maximum return of 21%.

If the laggard index falls by up to 15%, the payout will be par plus the absolute value of its index return.

Otherwise, investors will be fully exposed to any losses of the laggard index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped dual directional buffered equity notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$956,000
Maturity:	Jan. 31, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus any gain of laggard index, subject to a maximum return of 21%; if laggard index falls by up to 15%, par plus the absolute value of its index return; otherwise, full exposure to losses of laggard index
Initial values:	2,823.81 for S&P, 1,574.982 for Russell
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agent:	J.P. Morgan Securities LLC
Fees:	0.46846%
Cusip:	48129HE29

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