New Issue: JPMorgan sells $20.51 million capped enhanced notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., April 4 – JPMorgan Chase Financial Co. LLC priced $20.51 million of 0% capped enhanced participation equity notes due Feb. 5, 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 index return is positive, the payout at maturity will be par plus 3 times the index return, subject to a maximum settlement amount of $1,231 per $1,000 principal amount of notes. If the index return is negative, investors will have one-to-one exposure to the decline.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped enhanced participation equity notes
Underlying index:	S&P 500
Amount:	$20,508,000
Maturity:	Feb. 5, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is positive, par plus 3 times index return, subject to maximum settlement amount of $1,231 per note; one-to-one exposure to any index decline
Initial index level:	2,658.55
Pricing date:	March 26
Settlement date:	April 3
Agent:	J.P. Morgan Securities LLC
Fees:	1.84%
Cusip:	48129MEN2

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