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Published on 4/13/2020 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $347,000 capped buffered return enhanced notes on S&P, Russell, Dow

Chicago, April 13 – JPMorgan Chase Financial Co. LLC priced $347,000 of 0% capped buffered return enhanced notes due June 30, 2021 linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index gains, the payout at maturity will be par plus two times the return of the least-performing index, capped at par plus 21.5%.

If either index finishes flat or falls by up to 15% of its initial level, the payout will be par.

If either index falls by more than 15%, investors will lose 1% for every 1% that the least-performing index declines beyond the 15% buffer.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Capped buffered return enhanced notes
Underlying indexes:Dow Jones industrial average, S&P 500 and Russell 2000
Amount:$347,000
Maturity:June 30, 2021
Coupon:0%
Price:Par
Payout at maturity:If each index gains, par plus two times return of least-performing index, capped at par plus 21.5%; par if either index finishes flat or falls up to 15% of initial level; 1% loss for every 1% that least-performing index declines beyond 15%
Initial levels:21,917.16 for Dow, 1,153.103 for Russell 2000 and 2,584.59 for S&P 500
Buffer levels:85% of initial levels
Pricing date:March 31
Settlement date:April 3
Agent:J.P. Morgan Securities LLC
Fees:0.33321%
Cusip:48132KBT1

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