New Issue: JPMorgan prices $780,000 capped notes due 2022 tied to S&P, Russell

By Sarah Lizee

Olympia, Wash., Oct. 7 – JPMorgan Chase Financial Co. LLC priced $780,000 of 0% capped notes due March 31, 2022 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 10%.

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:	$780,000
Maturity:	March 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in lesser performing index, capped at 10%; 1% loss for each 1% decline of the worse performing index up to 5%
Initial levels:	2,984.87 for S&P, 1,550.654 for Russell
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	J.P. Morgan Securities LLC
Fees:	2.48782%
Cusip:	48132FHY5

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