New Issue: JPMorgan prices $3 million capped return enhanced notes on stock basket

By Kiku Steinfeld

Chicago, March 22 – JPMorgan Chase Financial Co. LLC priced $3 million of 0% capped return enhanced notes due Sept. 9, 2022l inked to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The stocks included in the basket are Schlumberger NV, ConocoPhillips, Freeport-McMoRan Inc., General Electric Co. and Honeywell International Inc.

If the basket return is positive, the payout at maturity will be par plus 2.5 times the basket gain, subject to a maximum return of 37.5%. If the basket 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 return enhanced notes
Basket components:	Schlumberger NV, ConocoPhillips, Freeport-McMoRan Inc., General Electric Co. and Honeywell International Inc.; equally weighted
Amount:	$3 million
Maturity:	Sept. 9, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 2.5 times gain, return capped at 37.5%; if basket return is negative, one-to-one exposure to decline
Initial levels:	$28.37 for Schlumberger, $53.66 for Conoco, $35.00 for Freeport, $13.44 for GE, $207.01 for Honeywell
Pricing date:	March 3
Settlement date:	March 8
Agent:	J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	48132TBD7

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