New Issue: JPMorgan prices $3.23 million trigger in-step notes tied to Russell 2000

By Susanna Moon

Chicago, Sept. 6 – JPMorgan Chase Financial Co. LLC priced $3.23 million of 0% capped trigger in-step securities due Aug. 31, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the underlying index finishes at or above its 80% downside threshold, the payout at maturity will be par of $10 plus the greater of the 8% step return and any gain in the index up to a maximum return of 17%.

Otherwise, investors will be fully exposed to any losses.

The notes are guaranteed by JPMorgan Chase & Co.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Trigger in-step securities
Underlying index:	Russell 2000 index
Amount:	$3,230,750
Maturity:	Aug. 31, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 80% downside threshold, par plus greater of 8% and index return capped at 17%; otherwise, 1% loss per 1% decline
Initial level:	1,728.422
Downside threshold:	1,382.738, 80% of initial level
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agents:	J.P. Morgan Securities LLC and UBS Financial Services Inc.
Fees:	2%
Cusip:	48129N229

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