New Issue: JPMorgan prices $252,000 buffered return enhanced notes on S&P, Nasdaq, Dow

By Sarah Lizee

Olympia, Wash., May 19 – JPMorgan Chase Financial Co. LLC priced $252,000 of 0% uncapped buffered return enhanced notes due May 20, 2024 linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index gains, the payout at maturity will be par plus the return of the least-performing index.

If either index finishes flat or falls by up to 20% of its initial level, the payout will be par.

If either index falls by more than 20%, investors will lose 1% for every 1% that the least-performing index declines beyond the 20% 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:	Uncapped buffered return enhanced notes
Underlying indexes:	Dow Jones industrial average, S&P 500 and Nasdaq-100
Amount:	$252,000
Maturity:	May 20, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus return of least-performing index; par if either index finishes flat or falls up to 20% of initial level; 1% loss for every 1% that least-performing index declines beyond 20%
Initial levels:	2,863.70 for S&P, 9,152.639 for Nasdaq and 23,685.42 for Dow
Buffer levels:	80% of initial levels
Pricing date:	May 15
Settlement date:	May 20
Agent:	J.P. Morgan Securities LLC
Fees:	3.6%
Cusip:	48132KE92

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