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Published on 4/20/2017 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $3 million capped contingent buffered equity notes tied to S&P

By Wendy Van Sickle

Columbus, Ohio, April 20 – JPMorgan Chase Financial Co. LLC priced $3 million of 0% capped contingent buffered equity notes due Oct. 23, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index finishes at or above the initial level, the payout at maturity will be par plus the return, subject to a maximum return of 11.7%.

Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% decline if the index falls by more than the 25% contingent buffer.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Capped contingent buffered equity notes
Underlying index:S&P 500
Amount:$3 million
Maturity:Oct. 23, 2018
Coupon:0%
Price:Par
Payout at maturity:If index finishes above index strike level, par plus the return, capped at 11.7%; par if the index falls by up to 25%; otherwise, 1% loss for each 1% decline
Index strike level:2,342.19
Pricing date:April 18
Settlement date:April 21
Agent:J.P. Morgan Securities LLC
Fees:1.25%
Cusip:46646Q6F7

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