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Published on 11/26/2019 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $100,000 of notes tied to equally weighted basket of three indexes

By Kiku Steinfeld

Chicago, Nov. 26 – JPMorgan Chase Financial Co. LLC priced $100,000 of notes linked to an equally weighted basket consisting of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index due Oct. 31, 2024, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.05 times any basket gain. If the basket falls by up to 10%, investors will participate in the losses of the basket. If the basket declines below 10%, the payout will be $900 per $1,000 principal amount of notes.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Notes
Underlying indexes:S&P 500 index, Russell 2000 index and Euro Stoxx 50 index
Amount:$100,000
Maturity:Oct. 31, 2024
Price:Par
Payout at maturity:Par plus 1.05 times any basket gain; participation in decline up to 10%, $900 minimum return after 10% decline
Initial levels:3,037.56 for S&P, 1,562.452 for Russell, 3,604.41 for Stoxx
Pricing date:Oct. 31
Settlement date:Nov. 5
Agent:J.P. Morgan Securities LLC
Fees:0.5625%
Cusip:48132FTZ9

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