New Issue: JPMorgan prices $1.04 million notes due 2020 linked to S&P, Russell

By Sarah Lizee

Olympia, Wash., Oct. 3 – JPMorgan Chase Financial Co. LLC priced $1.04 million of 0% notes due Sept. 30, 2020 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain of the lesser performing index up to a maximum of par plus 16%.

Investors will be exposed to up to 5% of any decline of the lesser performing index, with a minimum payout of 95% of par.

JPMorgan Chase & Co. guarantees the notes.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$1,043,000
Maturity:	Sept. 30, 2020
Contingent coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain of lesser performing index up to a maximum of par plus 16%; exposure to up to 5% of any decline of the lesser performing index, with a minimum payout of 95% of par
Initial levels:	2,913.98 for S&P and 1,696.571 for Russell
Pricing date:	Sept. 28
Settlement date:	Oct. 3
Agent:	J.P. Morgan Securities LLC
Fees:	0.37128%
Cusip:	48130UJB2

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