New Issue: JPMorgan prices $603,000 capped notes linked to S&P, Russell

By Sarah Lizee

Olympia, Wash., Dec. 10 – JPMorgan Chase Financial Co. LLC priced $603,000 of 0% capped notes due May 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.

If each index finishes at or above its initial level, the payout at maturity will be par plus the lesser-performing index’s return, subject to a maximum return of 10%.

If either index finishes below its initial level, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level, subject to a minimum payout of $950 per $1,000 principal amount of notes.

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 notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$603,000
Maturity:	May 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus the lesser-performing index’s return, subject to a maximum return of 10%; if either index finishes below its initial level, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level, subject to a minimum payout of $950 per $1,000 principal amount of notes
Initial levels:	1,621.904 for Russell 2000 and 3,133.64 for S&P 500
Pricing date:	Nov. 25
Settlement date:	Nov. 29
Agent:	J.P. Morgan Securities LLC
Fees:	2.45855%
Cusip:	48132F7E0

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