New Issue: JPMorgan Chase sells $2.99 million capped airbag gears tied to S&P 500

By Kiku Steinfeld

Chicago, Dec. 21 – JPMorgan Chase Financial Co. LLC. priced $2.99 million of 0% capped airbag gears due June 9, 2022 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 index return is positive, the payout at maturity will be par plus 1.5 times the index return, capped at 16.5%. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% index decline beyond 10%.

J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped airbag gears
Underlying index:	S&P 500
Amount:	$2,994,000
Maturity:	June 9, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at 16.5%; par if the index falls by up to 10%; 1.1111% loss for each 1% index decline beyond 10%
Initial index level:	3,699.12
Buffer level:	3,329.21 or 90% of initial level
Pricing date:	Dec. 4
Settlement date:	Dec. 10
Agents:	J.P. Morgan Securities LLC and UBS Financial Services Inc.
Fees:	None
Cusip:	48132N158

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