New Issue: JPMorgan sells $1.99 million uncapped contingent buffered notes on Russell, S&P

By Marisa Wong

Morgantown, W.Va., July 13 – JPMorgan Chase Financial Co. LLC priced $1.99 million of 0% uncapped contingent buffered return enhanced notes due June 30, 2023 linked to the lesser performing of 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 each index finishes above its initial level, the payout at maturity will be par plus 1.2 times the gain in the worse performing index.

If either index falls but neither falls by more than 50%, the payout will be par. Investors will be fully exposed to the decline of the worse performing index if it falls by more than the 50% contingent buffer.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped contingent buffered return enhanced notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$1,988,000
Maturity:	June 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 1.2 times gain of worse performing index; par if lesser performing index falls by up to 50%; otherwise, 1% loss per 1% drop of worse performing index
Initial levels:	1,668.527 for Russell and 2,723.06 for S&P
Contingent buffer:	50%
Pricing date:	June 26
Settlement date:	June 29
Agent:	J.P. Morgan Securities LLC
Fees:	4.06558%
Cusip:	48129MWQ5

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