New Issue: JPMorgan prices $542,000 capped buffered return enhanced notes on index, ETF

By Taylor Fox

New York, Dec. 7 – JPMorgan Chase & Co. priced $542,000 of 0% capped buffered return enhanced notes due Dec. 5, 2023 linked to the least performing of the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the final value of each underlying is positive, the payout at maturity will be par plus an upside leverage factor of two times any gain in the lesser performing underlying, subject to a maximum payout of 53.75%.

Investors will receive par if the lesser-performing underlying declines by up to 10% and will be exposed to any declines of the lesser-performing underlying beyond the 10% buffer.

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 assets:	Euro Stoxx 50 index and the iShares MSCI EAFE ETF
Amount:	$542,000
Maturity:	Dec. 5, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If final value of each underlying is positive, par plus two times any gain in the lesser performing underlying, subject to a maximum payout of par plus 53.75%; par if lesser-performing underlying declines by up to 10%; exposure to any declines of the lesser-performing underlying beyond 10% buffer
Initial index level:	3,492.54 for index, $70.15 for ETF
Buffer levels:	90% of initial levels
Pricing date:	Nov. 30
Settlement date:	Dec. 3
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48132P3Z5

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