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Published on 3/14/2018 in the Prospect News Structured Products Daily.

JPMorgan eyes contingent interest autocalls on Amazon, Apple, Netflix

New York, March 14 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due March 21, 2022 linked to the least performing of the common stocks of Amazon.com, Inc., Apple Inc. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of at least 12.5% if each stock closes at or above its 60% interest barrier on the review date for that month.

After six months, the notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any review date other than final date.

The payout at maturity will be par unless any stock closes below its 50% trigger value, in which case investors will be exposed to the losses of the least performing stock.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on March 16 and settle on March 22.

The Cusip number is 48129MCS3.


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