New Issue: JPMorgan prices $1.86 million capped buffered notes linked to consumer recovery basket

By Wendy Van Sickle

Columbus, Ohio, April 12 – JPMorgan Chase Financial Co. LLC priced $1.86 million of 0% capped buffered equity notes due April 13, 2022 linked to the JPMorgan consumer recovery basket of 49 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

United Airlines Holdings, Inc. (2.65147% weight), Gap, Inc. (2.62487% weight), Dave & Buster's Entertainment, Inc. (2.45194% weight), L Brands, Inc. (2.43309% weight), Royal Caribbean Cruises Ltd. (2.36904% weight), Alaska Air Group, Inc. (2.31797% weight), Alaska Air Group, Inc. (2.3402% weight), Nordstrom, Inc. (2.31196% weight), Norwegian Cruise Line Holdings Ltd. (2.30762% weight), Tapestry, Inc. (2.30528 % weight), Southwest Airlines Co. (2.30528% weight), Burlington Stores, Inc. (2.27385% weight), Expedia Group, Inc. (2.25266% weight), General Motors Co. (2.24974% weight), Whirlpool Corp. (2.24463% weight), MGM Resorts International (2.24102% weight), Wynn Resorts, Ltd. (2.21712% weight), Caesars Entertainment, Inc. (2.21037% weight), Ford Motor Co. (2.20194% weight), Advance Auto Parts, Inc. (2.17767% weight), Delta Air Lines, Inc. (2.16587% weight), Newell Brands Inc. (2.16496% weight), American Express Co. (2.14823% weight), Las Vegas Sands Corp. (2.14692% weight), PulteGroup, Inc. (2.11352% weight), Restaurant Brands International Inc. (2.0987% weight), Lithia Motors, Inc. (2.09203% weight), Fortune Brands Home & Security, Inc. (2.09125% weight), MasterCard Inc. (2.06628% weight), Walt Disney Co. (2.04892% weight), Constellation Brands, Inc. (2.03556% weight), McDonald's Corp. (2.02549% weight), Five Below, Inc. (2.00136% weight), Starbucks Corp. (1.98726% weight), Booking Holdings Inc. (1.98592% weight), Best Buy Co., Inc. (1.98569% weight), Best Buy Co., Inc. (1.97961% weight), Ross Stores, Inc. (1.97931% weight), Ulta Beauty, Inc. (1.96321% weight), Coca-Cola Co. (1.96321% weight), Visa Inc. (1.9387% weight), Target Corp. (1.9221% weight), TJX Cos., Inc. (1.91312% weight), Uber Technologies, Inc. (1.91312% weight), Dollar General Corp. (1.81611% weight), lululemon athletica inc. (1.79789% weight), American Axle & Manufacturing Holdings (1.39346% weight), MGM Growth Properties LLC (1.20299% weight), Hostess Brands, Inc. (1.04491% weight), Cedar Fair, LP (1.03433% weight) and Reynolds Consumer Products Inc. (0.80222% weight).

The payout at maturity will be par plus any basket gain, up to a maximum return of 11.9%.

Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

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 equity notes
Underlying basket:	United Airlines Holdings, Inc. (2.65147% weight), Gap, Inc. (2.62487% weight), Dave & Buster's Entertainment, Inc. (2.45194% weight), L Brands, Inc. (2.43309% weight), Royal Caribbean Cruises Ltd. (2.36904% weight), Alaska Air Group, Inc. (2.31797% weight), Alaska Air Group, Inc. (2.3402% weight), Nordstrom, Inc. (2.31196% weight), Norwegian Cruise Line Holdings Ltd. (2.30762% weight), Tapestry, Inc. (2.30528 % weight), Southwest Airlines Co. (2.30528% weight), Burlington Stores, Inc. (2.27385% weight), Expedia Group, Inc. (2.25266% weight), General Motors Co. (2.24974% weight), Whirlpool Corp. (2.24463% weight), MGM Resorts International (2.24102% weight), Wynn Resorts, Ltd. (2.21712% weight), Caesars Entertainment, Inc. (2.21037% weight), Ford Motor Co. (2.20194% weight), Advance Auto Parts, Inc. (2.17767% weight), Delta Air Lines, Inc. (2.16587% weight), Newell Brands Inc. (2.16496% weight), American Express Co. (2.14823% weight), Las Vegas Sands Corp. (2.14692% weight), PulteGroup, Inc. (2.11352% weight), Restaurant Brands International Inc. (2.0987% weight), Lithia Motors, Inc. (2.09203% weight), Fortune Brands Home & Security, Inc. (2.09125% weight), MasterCard Inc. (2.06628% weight), Walt Disney Co. (2.04892% weight), Constellation Brands, Inc. (2.03556% weight), McDonald's Corp. (2.02549% weight), Five Below, Inc. (2.00136% weight), Starbucks Corp. (1.98726% weight), Booking Holdings Inc. (1.98592% weight), Best Buy Co., Inc. (1.98569% weight), Best Buy Co., Inc. (1.97961% weight), Ross Stores, Inc. (1.97931% weight), Ulta Beauty, Inc. (1.96321% weight), Coca-Cola Co. (1.96321% weight), Visa Inc. (1.9387% weight), Target Corp. (1.9221% weight), TJX Cos., Inc. (1.91312% weight), Uber Technologies, Inc. (1.91312% weight), Dollar General Corp. (1.81611% weight), lululemon athletica inc. (1.79789% weight), American Axle & Manufacturing Holdings (1.39346% weight), MGM Growth Properties LLC (1.20299% weight), Hostess Brands, Inc. (1.04491% weight), Cedar Fair, LP (1.03433% weight) and Reynolds Consumer Products Inc. (0.80222% weight)
Amount:	$1,855,000
Maturity:	April 13, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, capped at 11.9%; par if basket falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
Pricing date:	March 26
Settlement date:	March 31
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48132TKX3

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