New Issue: JPMorgan prices $40,000 capped notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Dec. 13 – JPMorgan Chase Financial Co. LLC priced $40,000 of 0% capped notes due Nov. 30, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum return of 21%. If the index return is negative, investors will be exposed to the decline, subject to a minimum payout of $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:	Capped notes
Underlying index:	S&P 500
Amount:	$40,000
Maturity:	Nov. 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus index return, subject to maximum return of 21%; if index return is negative, exposure to decline, subject to minimum payout of $900 per $1,000 principal amount of notes
Initial level:	3,153.63
Pricing date:	Nov. 27
Settlement date:	Dec. 3
Agent:	J.P. Morgan Securities LLC
Fees:	0.5%
Cusip:	48132F7L4

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