New Issue: JPMorgan prices $889,000 uncapped contingent buffered notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 4 – JPMorgan Chase Financial Co. LLC priced $889,000 of 0% uncapped contingent buffered equity notes due Sept. 30, 2020 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 greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the contingent minimum return of 32% and the index return. If the index falls by up to 25%, the payout will be par. If the index falls by more than 25%, investors will lose 1% for every 1% that the final index level is less than the initial index level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped contingent buffered equity notes
Underlying index:	S&P 500
Amount:	$889,000
Maturity:	Sept. 30, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the index return is zero or positive, par plus the greater of the index return and 32%; par if the index falls by up to 25%; full exposure to any losses if index drops by more than the contingent buffer
Initial value:	2,159.93
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agents:	J.P. Morgan Securities LLC
Fees:	0.31046%
Cusip:	46646EXJ6

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