New Issue: JPMorgan prices $2.18 million notes with cap, 95% floor tied to indexes

By Susanna Moon

Chicago, Dec. 26 – JPMorgan Chase Financial Co. LLC priced $2.18 million 0% notes due Nov. 30, 2020 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.

If each underlying index finishes above its initial, the payout at maturity will be par plus the gain of the worse performing asset up to a maximum return of 18%.

If either asset falls, the payout will be par plus the return of the worse performing index with a minimum payout of 95% of par.

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:	Notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$2,183,000
Maturity:	Nov. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset gains, par plus return of worse performing asset, capped at 18%; otherwise, plus return of worse performing index, floor of 95% of par
Initial levels:	1,533.266 for Russell and 2,760.17 for S&P
Pricing date:	Nov. 30
Settlement date:	Dec.	5
Agent:	J.P. Morgan Securities LLC
Fees:	0.47659%
Cusip:	48130UZ40

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