New Issue: JPMorgan sells $11.34 million capped buffered enhanced participation notes on S&P

By Devika Patel

Knoxville, Tenn., April 13 – JPMorgan Chase Financial Co. LLC priced $11.34 million of 0% capped buffered enhanced participation equity notes due Oct. 22, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum payout of $1,161.25 per $1,000 of notes. Investors will receive par if the index falls by 5% or less and will lose 1.0526% for each 1% that it declines beyond 5%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped buffered enhanced participation equity notes
Underlying index:	S&P 500
Amount:	$11,334,000
Maturity:	Oct. 22, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at $1,161.25 per $1,000 of notes; par if index falls by up to 5%; 1.0526% loss for each 1% index decline beyond 5%
Initial level:	2,353.78
Buffer level:	95%
Pricing date:	April 11
Settlement date:	April 18
Agent:	J.P. Morgan Securities LLC
Fees:	1.13%
Cusip:	46646QPP4

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