New Issue: JPMorgan prices $1.27 million capped notes linked to Nasdaq, S&P, Dow

By William Gullotti

Buffalo, N.Y., April 29 – JPMorgan Chase Financial Co. LLC priced $1.27 million of 0% capped notes due April 28, 2027 linked to the lesser performing of the Nasdaq-100 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus the least performing index’s return, subject to a maximum return of par plus 40%.

If any index finishes below its initial level, investors will lose 1% for every 1% that the worst performer declines from its initial level, subject to a minimum payout of $950 per $1,000 principal amount of notes.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped notes
Underlying indexes:	Nasdaq-100 index, Dow Jones industrial average, S&P 500 index
Amount:	$1,265,000
Maturity:	April 28, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus the least performing index’s return capped at 40%; if any index finishes below its initial level, investors will lose 1% for every 1% that the worst performer declines from its initial level, subject to a minimum payout of $950 per $1,000 principal amount of notes
Initial levels:	38,503.69 for Dow, 17,471.47 for Nasdaq, 5,070.55 for S&P
Pricing date:	April 23
Settlement date:	April 26
Agent:	J.P. Morgan Securities LLC
Fees:	2.95%
Cusip:	48134XB61

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