New Issue: JPMorgan sells $766,000 capped dual directional barrier notes tied to indexes

By Wendy Van Sickle

Columbus, Ohio, May 19 – JPMorgan Chase Financial Co. LLC priced $766,000 of 0% capped dual directional barrier notes due Nov. 1, 2023 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par plus the gain of the least-performing index, subject to a maximum return of par plus 14.5%.

If the index falls by up to 70%, the payout will be par plus the absolute value of the index return.

Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped dual directional barrier notes
Underlying indexes:	Dow Jones industrial average, Russell 2000 index and the S&P 500 index
Amount:	$766,000
Maturity:	Nov. 1, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus least-performing index gain, capped at par plus 14.5%; if least-performing index falls but is above barrier level, par plus absolute value of least-performing index return; otherwise, 1% loss for each 1% decline of least-performing index below initial level
Initial index levels:	2,301.267 for Russell, 4,186.72 for S&P, 33,984.93 for Dow
Barrier levels:	1,610.8869 for Russell, 2,930.704 for S&P and 23,789.451 for Dow, 70% of initial levels
Pricing date:	April 27
Settlement date:	April 30
Agent:	J.P. Morgan Securities LLC
Fees:	2.45431%
Cusip:	48132TPC4

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