New Issue: JPMorgan prices $1 million capped contingent buffered notes linked to Topix

By Angela McDaniels

Tacoma, Wash., Jan. 30 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped contingent buffered equity notes due Jan. 30, 2020 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum return of 26.7%. If the index declines by up to 50%, the payout will be par. If the index declines by more than 50%, investors will lose 1% for every 1% that the final index level is less than the initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped contingent buffered equity notes
Underlying index:	Topix
Amount:	$1 million
Maturity:	Jan. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus index return, subject to 50% maximum return; if index declines by up to 50%, par; if index declines by more than 50%, 1% loss for every 1% that final index level is less than initial level
Initial index level:	1,521.58
Final index level: Average of index’s closing levels on five trading days ending Jan. 27, 2020
Pricing date:	Jan. 25
Settlement date:	Jan. 30
Agent:	J.P. Morgan Securities LLC
Fees:	2%
Cusip:	46646QWP6

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