New Issue: JPMorgan sells $1.12 million leveraged capped buffered market-linked securities on S&P

By William Gullotti

Buffalo, N.Y., Nov. 20 – JPMorgan Chase Financial Co. LLC priced $1.12 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 5, 2026 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 its initial level, the payout at maturity will be par plus 200% of the index return, capped at par plus 29.11%.

Investors will receive par if the index declines by no more than 20% and will lose 1% for every 1% decline beyond 20%.

J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the agents.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	S&P 500 index
Amount:	$1,115,000
Maturity:	Oct. 5, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes flat or gains, par plus 200% of the index return, capped at par plus 29.11%; if index declines but finishes at or above buffer level, par; otherwise, 1% loss for each 1% decline below buffer level
Initial level:	4,288.05
Buffer level:	3,430.44; 80% of initial level
Pricing date:	Sept. 29
Settlement date:	Oct. 4
Agents:	J.P. Morgan Securities LLC and Wells Fargo Securities, LLC
Fees:	2.825%
Cusip:	48134A5U5

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