New Issue: JPMorgan sells $500,000 dual directional contingent buffered notes on Dow, Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Oct. 22 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% dual directional contingent buffered digital notes due Oct. 10, 2025 tied to the least performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus 49%.

If any index falls but by no more than the 30% contingent buffer, the payout will be par plus the absolute value of the return of the least-performing index.

If any index falls by more than 30%, investors will lose 1% for each 1% decline of the least-performing index.

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:	Dual directional contingent buffered digital notes
Underlying indexes:	Dow Jones industrial average, Russell 2000 and S&P 500
Amount:	$500,000
Maturity:	Oct. 10, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 49%; if any index falls by up to 30%, par plus absolute value of return of least-performing index; otherwise, investors will lose 1% for each 1% decline of the least-performing index
Initial levels:	3,419.45 for S&P, 1,611.041 for Russell and 28,303.46 for Dow
Buffer levels:	70% of initial levels
Pricing date:	Oct. 7
Settlement date:	Oct. 13
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48132PLB8

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