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Published on 12/10/2019 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $147,000 notes linked to basket of three indexes

By Wendy Van Sickle

Columbus, Ohio, Dec. 10 – JPMorgan Chase Financial Co. LLC priced $147,000 of 0% notes due Nov. 29, 2024 linked to an equally weighted basket consisting of the S&P 500 index, the Euro Stoxx 50 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 final basket level is greater than the initial basket level, the payout at maturity will be par plus the basket return. If the final basket level is less than the initial basket level, investors will share in the decline, subject to a minimum payment of $900 per $1,000 principal amount of notes.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Notes
Underlying basket:S&P 500 index, Euro Stoxx 50 index, Russell 2000 index
Amount:$147,000
Maturity:Nov. 29, 2024
Coupon:0%
Price:Par
Payout at maturity:If final basket level is greater than initial basket level, par plus basket return; if final basket level is less than initial basket level, investors share in decline, subject to minimum payment of $900 per $1,000 principal amount of notes
Initial levels:1,634.104 for Russell, 3,153.63 for S&P and 3,712.85 for Stoxx
Pricing date:Nov. 27
Settlement date:Dec. 3
Agent:J.P. Morgan Securities LLC
Fees:0.73385%
Cusip:48132F6L5

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