New Issue: JPMorgan prices $1.2 million 7.9% yield notes linked to three stocks

By Kiku Steinfeld

Chicago, Nov. 21 – JPMorgan Chase Financial Co. LLC priced $1.2 million of yield notes due March 21, 2024 linked to the common stocks of Comcast Corp., NIKE, Inc. and Honeywell International Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 7.9%, paid monthly.

If the worst performing stock gains or ends above its 50% trigger the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% decline in the worst performing stock if it finished below its trigger.

The notes are non-callable.

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:	Yield notes
Underlying stocks:	Comcast Corp., NIKE, Inc. and Honeywell International Inc.
Amount:	$1.2 million
Maturity:	March 21, 2024
Coupon:	7.9%, paid monthly
Price:	Par
Payout at maturity:	If worst performing stock finishes at or above its 50% trigger, par; otherwise 1% loss for every 1% that worst performing stock declines
Initial levels:	$46.48 for Comcast, $127.41 for NIKE, $191.93 for Honeywell
Triggers:	$23.24 for Comcast, $63.705 for NIKE, $95.965 for Honeywell, 50% of initial level
Call:	Non-callable
Pricing date:	March 18
Settlement date:	March 23
Agent:	J.P. Morgan Securities LLC
Fees:	0.4%
Cusip:	48133D4E7

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