New Issue: JPMorgan sells $3.76 million capped buffered enhanced notes on S&P 500

By Marisa Wong

Los Angeles, July 11 – JPMorgan Chase Financial Co. LLC priced $3.76 million of 0% capped buffered enhanced participation equity notes due July 13, 2021 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 1.2 times the index return, subject to a maximum settlement amount of $1,161.40 per $1,000 of notes. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped buffered enhanced participation equity notes
Underlying index:	S&P 500
Amount:	$3.76 million
Maturity:	July 13, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.2 times the index return, capped at $1,161.40 per $1,000 of notes; par if the index declines by 15% or less; 1.1765% loss for every 1% that it declines beyond 15%
Initial level:	2,979.63
Pricing date:	July 9
Settlement date:	July 16
Agent:	J.P. Morgan Securities LLC
Fees:	2%
Cusip:	48132C3V3

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