New Issue: JPMorgan prices $1.11 million capped notes due 2020 tied to S&P, Russell

By Sarah Lizee

Olympia, Wash., Oct. 8 – JPMorgan Chase Financial Co. LLC priced $1.11 million of 0% capped notes due Nov. 4, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the return of each index is positive, the payout at maturity will be par plus the return of the lesser performing index, capped at 12%.

If either index falls, investors will lose 1% for each 1% decline of the worse performing index up to 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped notes
Underlying assets:	S&P 500 index, Russell 2000 index
Amount:	$1,112,000
Maturity:	Nov. 4, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in lesser performing index, capped at 12%; 1% loss for each 1% decline of the worse performing index up to 10%
Initial levels:	2,976.74 for S&P, 1,523.373 for Russell
Pricing date:	Sept. 30
Settlement date:	Oct. 3
Agent:	J.P. Morgan Securities LLC
Fees:	0.75%
Cusip:	48132FTW6

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