New Issue: JPMorgan sells $1.25 million 8% yield notes on three stocks

By William Gullotti

Buffalo, N.Y., July 1 – JPMorgan Chase Financial Co. LLC priced $1.25 million of 8% yield notes due Sept. 28, 2022 linked to the worst performing of the Regions Financial Corp., AT&T Inc. and Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The interest rate will be 8% per year, and interest will be payable monthly.

The payout at maturity will be par unless any stock finishes below its trigger level, 60% of its initial level. Otherwise, investors will lose 1% for every 1% that the least-performing stock declines below its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Yield notes
Underlying stocks:	Regions Financial Corp., AT&T Inc., Boeing Co.
Amount:	$1.25 million
Maturity:	Sept. 28, 2022
Coupon:	8%, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below trigger level, in which case 1% loss for every 1% decline of worst performing stock from initial level
Initial stock levels:	$28.65 for AT&T, $243.57 for Boeing, $20.02 for Regions
Trigger levels:	$17.19 for AT&T, $146.142 for Boeing, $12.012 for Regions; 60% of initial levels
Strike date:	June 23
Pricing date:	June 24
Settlement date:	June 29
Agent:	J.P. Morgan Securities LLC
Fees:	0.25%
Cusip:	48132UTL7

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