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Published on 9/5/2019 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $489,000 uncapped dual directional notes on S&P 500, Russell

Chicago, Sept. 5 – JPMorgan Chase Financial Co. LLC priced $489,000 of uncapped dual directional buffered return enhanced notes due Aug. 30, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par plus 1.04 times the lesser performing index return if both indexes finish above their initial values.

If either index declines, but not more than 20%, investors will receive 50% of the absolute value of the index return of the lesser performing index.

Otherwise, investors will be exposed to the losses of the worst performer beyond the 20% buffer.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Issue:Uncapped dual directional buffered return enhanced notes
Underliers:S&P 500 index and the Russell 2000 index
Amount:$489,000
Maturity:Aug. 30, 2024
Price:Par
Payout at maturity:Par plus 1.04 times worst performing index return if above initial level; par plus 50% of absolute value of index return of lesser performing index if worst performer falls, but not more than 20%; otherwise exposure to losses beyond 20% buffer
Initial level:2,869.16 for S&P 500 and 1,456.039 for Russell 2000
Buffer level:80% of initial level
Pricing date:Aug. 27
Settlement date:Aug. 30
Agent:J.P. Morgan Securities LLC
Fees:4.08001%
Cusip:48132CL84

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