New Issue: JPMorgan sells $6.03 million jump securities on stock basket

By Wendy Van Sickle

Columbus, Ohio, Oct. 19 – JPMorgan Chase Financial Co. LLC priced $6.03 million of 0% jump securities due Jan. 31, 2023 linked to an equally-weighted basket consisting of the common stocks of DraftKings Inc., Amazon.com, Inc. and Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the basket’s final level is greater than or equal to its initial level, the payout at maturity will be par of $10 plus 26.75%. Otherwise, investors will lose 1% for every 1% that the basket declines from its initial level.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the underwriter with Morgan Stanley Wealth Management as the dealer.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Jump securities
Underlying components:	DraftKings Inc., Amazon.com, Inc. and Apple Inc.; equally weighted
Amount:	$6,025,000
Maturity:	Jan. 31, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the basket’s final level is greater than or equal to the initial level, par plus 26.75%; otherwise, 1% loss for every 1% that the basket declines from its initial level
Initial level:	$49.22 for DraftKings, $3,699.82 for Amazon, $148.99 for Apple
Pricing date:	July 26
Settlement date:	July 29
Underwriter:	J.P. Morgan Securities LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	48132X115

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