New Issue: JPMorgan prices $1.32 million dual directional contingent buffered notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 31 – JPMorgan Chase Financial Co. LLC priced $1.32 million of 0% capped dual directional contingent buffered return enhanced notes due Oct. 31, 2019 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 the initial index level, the payout at maturity will be par plus 1.33 times the index return. If the index declines by up to 13%, the payout will be par plus the absolute value of the index return. If the index declines by more than 13%, investors will lose 1% for every 1% that the final index level is less than the initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped dual directional contingent buffered return enhanced notes
Underlying index:	S&P 500
Amount:	$6,345,000
Maturity:	Oct. 31, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 1.33 times index return; if index falls by up to 13%, par plus absolute value of index return; otherwise, 1% loss for every 1% that final index level is less than initial level
Initial index level:	2,133.04
Pricing date:	Oct. 27
Settlement date:	Nov. 1
Agent:	J.P. Morgan Securities LLC
Fees:	0.9%
Cusip:	46646E2X9

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