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Published on 6/4/2019 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $262,000 notes linked to Low Volatility, Select Dividend

By Angela McDaniels

Tacoma, Wash., June 4 – JPMorgan Chase Financial Co. LLC priced $262,000 of 0% notes due May 31, 2022 linked to an equally weighted basket consisting of the S&P 500 Low Volatility High Dividend index and the Euro Stoxx Select Dividend 30 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final basket level is greater than the initial basket level, the payout at maturity will be par plus 155% of the basket return.

If the final basket level is equal to or less than the initial basket level, investors will be exposed to the basket’s decline, subject to a minimum payout of $950 per $1,000 principal amount of notes.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Notes
Underlying basket:S&P 500 Low Volatility High Dividend index and Euro Stoxx Select Dividend 30 index, equally weighted
Amount:$262,000
Maturity:May 31, 2022
Coupon:0%
Price:Par
Payout at maturity:If final basket level is greater than initial basket level, par plus 155% of basket return; if final basket level is equal to or less than initial basket level, exposure to basket’s decline, subject to minimum payout of $950 per $1,000 principal amount of notes
Initial levels:6,648.74 for S&P 500 Low Volatility High Dividend and 1,860.86 for Euro Stoxx Select Dividend 30
Pricing date:May 31
Settlement date:June 5
Agent:J.P. Morgan Securities LLC
Fees:0.59618%
Cusip:48132CHQ9

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