New Issue: JPMorgan sells $500,000 capped buffered equity notes linked to Dow, Nasdaq, S&P

By Sarah Lizee

Olympia, Wash., Aug. 19 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped buffered equity notes due Aug. 18, 2022 linked to the lesser performing of the S&P 500 index, Dow Jones industrial average and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the return of the least performing index, capped at par plus 12%.

If any index falls by up to 29.5%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the least performing index declines beyond 29.5%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped buffered equity notes
Underlying indexes:	S&P 500 index, Dow Jones industrial average and Nasdaq-100 index
Amount:	$500,000
Maturity:	Aug. 18, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the final level of each index is greater than or equal to its initial level, par plus the return of the least performing index, capped at par plus 12%; if any index falls by up to 29.5%, par; 1% loss for every 1% that the least performing index declines beyond 29.5%
Initial levels:	3,372.85 for S&P, 11,164.45 for Nasdaq and 27,931.02 for Dow
Buffer levels:	70.5% of initial levels
Pricing date:	Aug. 14
Settlement date:	Aug. 19
Agent:	J.P. Morgan Securities LLC
Fees:	0.65%
Cusip:	48132M3Z2

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