New Issue: JPMorgan sells $532,000 capped buffered return enhanced notes on S&P, Russell

By Sarah Lizee

Olympia, Wash., Dec. 27 – JPMorgan Chase Financial Co. LLC priced $532,000 of 0% capped buffered return enhanced notes due Jan. 31, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus 2 times any gain of the worse performing index up to a maximum payout of par plus 13.5%.

If either index falls by up to 10%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 10%.

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
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$532,000
Maturity:	Jan. 31, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If each index gains, par plus 2 times any gain of worse performing index, up to maximum of par plus 13.5%; if either index falls by up to 10%, par; otherwise, 1% loss for each 1% decline of worse performing index beyond 10%
Initial levels:	1,292.086 for Russell and 2,416.62 for S&P
Pricing date:	Dec. 21
Settlement date:	Dec. 31
Agent:	J.P. Morgan Securities LLC
Fees:	1.93750%
Cusip:	48130WFT3

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