New Issue: JPMorgan sells $4.47 million contingent market-linked securities on S&P

By William Gullotti

Buffalo, N.Y., Aug. 9 – JPMorgan Chase Financial Co. LLC priced $4.47 million of 0% market-linked securities with contingent fixed return and contingent downside due Aug. 5, 2024 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 finishes at or above its initial level, the payout at maturity will be par plus 23.5%.

If the index declines up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the index from its initial level.

J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the agents.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Market-linked securities – contingent fixed return and contingent downside
Underlying index:	S&P 500 index
Amount:	$4,473,000
Maturity:	Aug. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes flat or gains, par plus 23.5%; if index declines but finishes at or above trigger level, par; otherwise, full exposure to index decline from initial level
Initial level:	4,130.29
Trigger level:	3,304.232; 80% of initial level
Pricing date:	July 29
Settlement date:	Aug. 3
Agents:	J.P. Morgan Securities LLC and Wells Fargo Securities, LLC
Fees:	2.325%
Cusip:	48133GY56

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