New Issue: JPMorgan sells $1 million capped accelerated barrier notes on Alphabet, Microsoft

By William Gullotti

Buffalo, N.Y., Oct. 7 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped accelerated barrier notes due June 6, 2025 linked to the stock performance of Microsoft Corp. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If each stock finishes above its initial value, the payout at maturity will be par plus 200% of the gain of the least performing stock, subject to a maximum payout of par plus 137.7%.

If the worst performer finishes flat or declines by up to 10%, the payout will be par. Otherwise, investors will be fully exposed to the worst performer’s decline from its initial value.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped accelerated barrier notes
Underlying stocks:	Microsoft Corp., Alphabet Inc.
Amount:	$1,001,000
Maturity:	June 6, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any gain in the least performing stock, capped at par plus 137.7%; par if worst performer finishes flat or declines by up to 10%; otherwise, 1% loss for every 1% decline of the worst performer from its initial value
Initial values:	$99.30 for Alphabet, $240.74 for Microsoft
Barrier values:	$89.37 for Alphabet, $216.666 for Microsoft; 90% of initial values
Strike date:	Oct. 3
Pricing date:	Oct. 4
Settlement date:	Oct. 7
Agent:	J.P. Morgan Securities LLC
Fees:	0.54%
Cusip:	48133NYM4

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