New Issue: JPMorgan prices $1 million uncapped return enhanced notes on commodity basket

By Wendy Van Sickle

Columbus, Ohio, Jan. 30 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% uncapped return enhanced notes due Jan. 20, 2027 linked to an equally weighted basket of futures contracts on Brent crude oil, WTI crude oil, copper, aluminum, zinc, gold, silver, palladium, corn, wheat, soybeans and sugar, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.55 times any basket gain.

Investors will lose 1% for each 1% decline in the basket.

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 return enhanced notes
Underlying assets:	Brent crude oil, WTI crude oil, copper, aluminum, zinc, gold, silver, palladium, corn, wheat, soybeans and sugar, equal weights
Amount:	$1 million
Maturity:	Jan. 20, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.55 times any basket gain; 1% loss for each 1% decline in the basket
Initial levels:	$78.29 for Brent, $72.40 for WTI, $8,306.00 for copper, $2,188.50 for aluminum, $2,550.50 for zinc, $2,030.20 for gold, $23.093 for silver, $938.10 for palladium, $443.50 for corn, $582.00 for wheat, $1,227.25 for soybeans, $22.52 for sugar
Pricing date:	Jan. 14
Settlement date:	Jan. 20
Agent:	J.P. Morgan Securities LLC
Fees:	2%
Cusip:	48133W2L1

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