New Issue: JPMorgan prices $7.59 million uncapped buffered return enhanced notes on index basket

By William Gullotti

Buffalo, N.Y., Aug. 21 – JPMorgan Chase Financial Co. LLC priced $7.59 million of 0% uncapped buffered return enhanced notes due Feb. 20, 2025 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 60% weight, the Nikkei 225 index with a 30% weight and the S&P/ASX 200 index with a 10% weight.

If the basket gains, the payout at maturity will be par plus 1.55 times the basket return.

If the basket finishes flat or falls by up to 10%, the payout will be par. Otherwise, investors will lose 1.11111% for every 1% that the basket declines beyond 10%.

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:	Uncapped buffered return enhanced notes
Underlying basket:	Euro Stoxx 50 index (60% weight), Nikkei 225 index (30% weight), S&P/ASX 200 index (10% weight)
Amount:	$7,585,000
Maturity:	Feb. 20, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket gains, par plus 1.55 times the return; par if the basket finishes flat or falls up to buffer; otherwise, 1.11111% loss for every 1% that the basket declines below buffer level
Initial levels:	4,330.23 for Stoxx, 32,059.91 for Nikkei, 7,276.95 for S&P/ASX
Buffer level:	90% of initial level
Pricing date:	Aug. 14
Settlement date:	Aug. 17
Agent:	J.P. Morgan Securities LLC
Fees:	0.25%
Cusip:	48133YT20

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