New Issue: JPMorgan sells $875,000 capped enhanced notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., June 3 – JPMorgan Chase Financial Co. LLC priced $875,000 of 0% capped enhanced participation equity notes due Aug. 12, 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 $1,183 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:	$875,000
Maturity:	Aug. 12, 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 $1,183 per note; one-to-one exposure to any index decline
Initial index level:	2,870.72
Pricing date:	May 9
Settlement date:	May 16
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48132CLA9

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