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Published on 11/5/2018 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $500,000 capped buffered return enhanced notes on Stoxx

By Sarah Lizee

Olympia, Wash., Nov. 5 – JPMorgan Chase Financial Co. LLC priced $500,000 of capped buffered return enhanced notes due Nov. 3, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index closes at or above its initial value, the payout at maturity will be par plus 4 times any gain up to a maximum payout of $2,000 per $1,000 principal amount.

If the index declines by up to 20%, the payout will be par. Investors will be exposed to any losses beyond 20%.

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 index:Euro Stoxx 50
Amount:$500,000
Maturity:Nov. 3, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus 4 times any index gain, up to a maximum payout of $2,000 per $1,000 principal amount; par if index declines by up to 20%; otherwise, exposure to losses beyond 20%
Initial value:3,197.51
Pricing date:Oct. 31
Settlement date:Nov. 5
Agent:J.P. Morgan Securities LLC
Fees:None
Cusip:48130UM51

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