New Issue: JPMorgan sells $1.32 million capped buffered notes on index, ETF basket

By Sarah Lizee

Olympia, Wash., June 18 – JPMorgan Chase Financial Co. LLC priced $1.32 million of 0% capped buffered return enhanced notes due June 18, 2020 linked to a basket of indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 70% weight, the Russell 2000 index with a 15% weight and the iShares MSCI EAFE ETF with a 15% weight.

The payout at maturity will be par plus 1.5 times any basket gain, up to a 16.5% maximum return.

Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline 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 return enhanced notes
Basket components:	S&P 500 index (70% weight), Russell 2000 index (15% weight), iShares MSCI EAFE ETF (15% weight)
Amount:	$1,318,000
Maturity:	June 18, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any basket gain up to 16.5% maximum return; if basket falls by up to 15%, par; otherwise, 1% loss for each 1% decline beyond 15%
Initial index levels:	2,782.49 for S&P, 1,684.725 for Russell, $70.36 for EAFE
Pricing date:	June 14
Settlement date:	June 19
Agent:	J.P. Morgan Securities LLC
Fees:	0.5%
Cusip:	48129MVL7

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