New Issue: JPMorgan prices $8.37 million of capped trigger in-step notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 3 – JPMorgan Chase Financial Co. LLC priced $8.37 million of 0% capped trigger in-step securities due March 29, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.

The notes will be guaranteed by JPMorgan Chase & Co.

If the index finishes at or above the 80% downside threshold, the payout at maturity will be par plus the greater of the 10% step return and the index gain, capped at 23%. If the index finishes below the 80% downside threshold, investors will be fully exposed to the loss.

J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped trigger in-step securities
Underlying index:	S&P 500 index
Amount:	$8,374,460
Maturity:	March 29, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above downside threshold, par plus greater of 10% and index return; capped at 23%; otherwise, full exposure to loss
Initial index level:	2,159.93
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agents:	J.P. Morgan Securities LLC and UBS Financial Services Inc.
Fees:	2%
Cusip:	46646X456

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