New Issue: JPMorgan sells $1.55 million notes due 2024 on basket of indexes, ETF

By Sarah Lizee

Olympia, Wash., Feb. 13 – JPMorgan Chase Financial Co. LLC priced $1.55 million of notes due Jan. 31, 2024 linked to a basket of equally weighted indexes and an exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The basket consists of the S&P 500 index, the Russell 2000 index, the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF.

If the basket return is positive, the payout at maturity will be par plus 111% of any basket gain. Investors will be exposed to declines of the basket, subject to a minimum payment of 95% of par.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Notes
Underlying assets:	S&P 500, Russell 2000, Euro Stoxx 50, iShares MSCI Emerging Markets ETF; equally weighted
Amount:	$1,548,000
Maturity:	Jan. 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 111% of any basket gain; exposure to losses with minimum payout of 95% of par
Initial levels:	2,704.10 for S&P, 1,499.419 for Russell, 3,159.43 for Stoxx and $43.10 for ETF
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agent:	J.P. Morgan Securities LLC
Fees:	0.60619%
Cusip:	48130WPZ8

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