New Issue: JPMorgan sells $2.06 million capped notes tied to S&P 500, Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Aug. 2 – JPMorgan Chase Financial Co. LLC priced $2.06 million of 0% capped notes due July 30, 2021 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.

The notes are guaranteed by JPMorgan Chase & Co.

If the return of each index is positive, the payout at maturity will be par plus the return of the lesser performing index, capped at 12%.

If either index falls, investors will lose 1% for each 1% decline of the worse performing index up to 5%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped notes
Underlying assets:	S&P 500 index, Russell 2000 index
Amount:	$2,062,000
Maturity:	July 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in lesser performing index, capped at 12%; 1% loss for each 1% decline of the worse performing index up to 5%
Initial levels:	2,980.38 for S&P, 1,574.605 for Russell
Pricing date:	July 31
Settlement date:	Aug. 5
Agent:	J.P. Morgan Securities LLC
Fees:	0.33099%
Cusip:	48132C3A9

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