New Issue: JPMorgan sells $5.63 million capped buffered enhanced participation notes on S&P

By Kiku Steinfeld

Chicago, March 26 – JPMorgan Chase Financial Co. LLC priced $5.63 million of 0% capped buffered enhanced participation equity notes due July 19, 2023 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 1.4 times the index return, subject to a maximum settlement amount of $1,238 per $1,000 of notes. Investors will receive par if the index is flat or declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped buffered enhanced participation equity notes
Underlying index:	S&P 500
Amount:	$5,628,000
Maturity:	July 19, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 1.4 times the gain, capped at $1,238 per $1,000 of notes; par if the index is flat or declines by 15% or less; 1.1765% loss for every 1% that it declines beyond 15%
Initial level:	3,962.71
Buffer level:	85% of initial level
Pricing date:	March 16
Settlement date:	March 23
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48132TFG6

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