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Published on 4/24/2018 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $7.77 million jump securities due 2019 tied to S&P 500

By Susanna Moon

Chicago, April 24 – JPMorgan Chase Financial Co. LLC priced $7.77 million of 0% jump securities due July 22, 2019 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus an upside payment of $1.325.

Otherwise, investors will lose 1% for each 1% decline.

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

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Jump securities
Underlying index:S&P 500
Amount:$7,774,500
Maturity:July 22, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:If index gains, par plus 13.25%; otherwise, 1% loss per 1% decline
Initial level:2,706.39
Pricing date:April 17
Settlement date:April 20
Agent:J.P. Morgan Securities LLC
Distribution:Morgan Stanley Smith Barney LLC
Fees:1.75%
Cusip:48129L223

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