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Published on 5/16/2019 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1 million uncapped return enhanced notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 16 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% uncapped return enhanced notes due May 15, 2024 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 return is positive, the payout at maturity will be par plus 1.55 times the index return. If the index return is negative, investors will have one-to-one exposure to the decline.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Uncapped return enhanced notes
Underlying index:S&P 500
Amount:$1 million
Maturity:May 15, 2024
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 1.55 times index return; if index return is negative, one-to-one exposure to decline
Initial index level:2,811.87
Pricing date:May 13
Settlement date:May 16
Agent:J.P. Morgan Securities LLC
Fees:0.75%
Cusip:48132CMS9

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