New Issue: JPMorgan sells $2.38 million capped buffered return enhanced notes on basket

By Taylor Fox

New York, Dec. 7 – JPMorgan Chase Financial Co. LLC priced $2.38 million of 0% capped buffered return enhanced notes due Nov. 30, 2022 linked to an unequally-weighted basket consisting of the S&P MidCap 400 index with a 60% weight and the Russell 2000 index with a 40% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any basket gain up to par plus 17.5%.

Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond the 15% buffer.

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:	Capped buffered return enhanced notes
Underlying basket:	S&P MidCap 400 index, with a 60% weight, and the Russell 2000 index, with a 40% weight
Amount:	$2,380,000
Maturity:	Nov. 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any basket gain, capped at par plus 17.5%; if basket falls by up to 15%, par; otherwise, 1% loss for each 1% decline beyond buffer
Initial index levels:	2,201.56 for S&P and 1,845.024 for Russell
Buffer level:	85% of initial level
Pricing date:	Nov. 25
Settlement date:	Dec. 1
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48132PZX5

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