New Issue: JPMorgan prices $7.05 million capped buffered equity notes on index, ETF basket

By Wendy Van Sickle

Columbus, Ohio, May 6 – JPMorgan Chase Financial Co. LLC priced $7.05 million of 0% capped buffered equity notes due April 26, 2023 linked to a basket consisting of the S&P 500 index with a 70% weight, the ARK Innovation ETF with a 15% weight and the iShares MSCI EAFE exchange-traded fund with a 15% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any basket gain, up to a maximum return of 15%.

Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

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:	Capped buffered equity notes
Underlying basket:	S&P 500 index (70% weight), ARK Innovation ETF (15% weight), iShares MSCI EAFE ETF (15% weight)
Amount:	$7,045,000
Maturity:	April 26, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, capped at 15%; par if basket falls by up to 15%; 1% loss for every 1% decline beyond 15%
Initial levels:	4,173.42 for S&P, $121.82 for ARK Innovation, $78.53 for iShares MSCI EAFE
Pricing date:	April 21
Settlement date:	April 26
Agent:	J.P. Morgan Securities LLC
Fees:	0.4%
Cusip:	48132TXM3

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