New Issue: JPMorgan sells $3.02 million autocallable contingent interest notes on three stocks

By William Gullotti

Buffalo, N.Y., July 14 – JPMorgan Chase Financial Co. LLC sold $3.02 million of autocallable contingent interest notes due May 31, 2024 linked to the performance of the stocks of Facebook, Inc., ConocoPhillips and Advanced Micro Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent monthly coupon at an annual rate of 10.5% if each stock closes at or above its interest barrier level, 60% of its initial level, on the review date for that month.

The notes will be automatically called at par plus the coupon if each stock closes at or above its initial share price on any quarterly call date after six months.

The payout at maturity will be par plus the final coupon unless each stock finishes below its initial share price and any stock finishes below the 60% trigger value, in which case investors will lose 1% for each 1% decline of the worst performing stock from its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Autocallable contingent interest notes
Underlying stocks:	Facebook, Inc., ConocoPhillips, Advanced Micro Devices, Inc.
Amount:	$3,021,000
Maturity:	May 31, 2024
Coupon:	10.5% annualized, payable monthly if each underlying stock closes at or above interest barrier level on review date for that month
Price:	Par
Payout at maturity:	Par plus final coupon unless each stock finishes below initial share price and any stock finishes below trigger level, in which case 1% loss for each 1% decline of worst performing stock from initial level
Call:	Automatically at par plus coupon if each stock closes at or above initial share price on any quarterly call date after six months
Initial share prices:	$54.88 for ConocoPhillips, $327.79 for Facebook, $77.86 for AMD
Interest barriers:	$32.928 for ConocoPhillips, $196.674 for Facebook, $46.716 for AMD; 60% of initial levels
Trigger values:	$32.928 for ConocoPhillips, $196.674 for Facebook, $46.716 for AMD; 60% of initial levels
Pricing date:	May 25
Settlement date:	May 28
Agent:	J.P. Morgan Securities LLC
Fees:	3.48759%
Cusip:	48132T6Z4

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