New Issue: JPMorgan prices $2.18 million bear market PLUS linked to S&P

By Sarah Lizee

Olympia, Wash., June 11 – JPMorgan Chase Financial Co. LLC priced $2.18 million of 0% bear market Performance Leveraged Upside Securities due Jan. 5, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final index level is less than the initial index level, the payout at maturity will be par of $10 plus 3% for every 1% that the index declines, capped at par plus 15%. If the final index level is greater than or equal to the initial index level, the payout will be par minus 1% for every 1% that the index increases.

J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management is handling distribution.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Bear market Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$2,175,000
Maturity:	Jan. 5, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is less than initial index level, par plus 3% for every 1% that index declines, capped at par plus 15%; if final index level is greater than or equal to initial index level, par minus 1% for every 1% that index increases
Initial level:	3,193.93
Pricing date:	June 5
Settlement date:	June 10
Agent:	J.P. Morgan Securities LLC
Distribution:	Morgan Stanley Wealth Management
Fees:	1.75%
Cusip:	48132L772

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