New Issue: JPMorgan prices $3.27 million market-linked notes on dollar vs. currency basket

By William Gullotti

Buffalo, N.Y., May 12 – JPMorgan Chase Financial Co. LLC priced $3.27 million of 0% market-linked notes due May 1, 2025 linked to the performance of the U.S. dollar relative to an equally weighted basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The basket consists of the Chinese renminbi, the Brazilian real and the Indian rupee. The spot rate is expressed as a number of renminbi, real and rupees per dollar.

The payout at maturity will be par plus the additional amount, which is equal to 2.5 times the basket return, subject to a maximum payout of par plus 250% and a minimum payout of par.

J.P. Morgan Securities LLC is the agent, with Morgan Stanley Wealth Management handling distribution.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Market linked-notes
Underlying basket:	Chinese renminbi, Brazilian real, Indian rupee; relative to dollar
Amount:	$3,273,000
Maturity:	May 1, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus the additional amount, which is equal to 2.5 times the basket return, subject to a maximum payout of par plus 250% and a minimum payout of par
Initial spot rates:	5.0007 real per dollar, 6.9245 renminbi per dollar, 81.7829 rupees per dollar
Pricing date:	April 28
Settlement date:	May 3
Agent:	J.P. Morgan Securities LLC
Distributor:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	48133U5M0

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