New Issue: JPMorgan sells $2.83 million trigger step securities tied to S&P, Russell

By William Gullotti

Buffalo, N.Y., Feb. 17 – JPMorgan Chase Financial Co. LLC priced $2.83 million of 0% trigger step securities due Feb. 17, 2027 linked to the performance of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are fully guaranteed by JPMorgan Chase & Co.

If each index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the gain of the lesser performing index and the 38% step return.

Investors will receive par if any index falls by up to 25% and will be fully exposed to the decline of the worst performer from its initial level if it declines beyond 25%.

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

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Trigger step securities
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$2,829,500
Maturity:	Feb. 17, 2027
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If each index gains, par plus greater of return of lesser performing index and 38%; par if any index falls by up to 25%; otherwise, full exposure to decline of worst performer from initial level
Initial levels:	4,418.64 for S&P, 2,030.146 for Russell
Trigger levels:	3,313.98 for S&P, 1,522.61 for Russell; 75% of initial level
Pricing date:	Feb. 11
Settlement date:	Feb. 16
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	3.5%
Cusip:	48133A213

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