New Issue: JPMorgan sells $2.12 million 0% notes tied to basket of six currencies

By Wendy Van Sickle

Columbus, Ohio, March 9 – JPMorgan Chase Financial Co. LLC priced $2.12 million of 0% notes due March 7, 2025 based on a basket of equally weighted currencies versus the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the European Union euro (57.6% weight), Japanese yen (13.6% weight), British pound sterling (11.9% weight), Canadian dollar (9.1% weight), Swedish krona (4.2% weight) and Swiss franc (3.6% weight)

The payout at maturity will be par plus 1.5 times any basket gain.

Investors will receive par if the basket falls or finishes flat.

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:	Notes
Underlying currencies:	European Union euro (57.6% weight), Japanese yen (13.6% weight), British pound sterling (11.9% weight), Canadian dollar (9.1% weight), Swedish krona (4.2% weight) and the Swiss franc (3.6% weight)
Amount:	$2,115,000
Maturity:	March 7, 2025
Coupon:	0%, payable monthly
Price:	Par
Payout at maturity:	150% of any basket gain; par if basket falls or finishes flat
Initial spot rates:	1.06015 for euro, 136.625 for yen, 1.194 for yen, 1.361 for Canadian dollar, 10.50515 for krona and 0.94175 for Swiss franc
Pricing date:	March 2
Settlement date:	March 7
Agents:	J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	48133U4C3

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