New Issue: JPMorgan prices $1.11 million contingent interest autocalls on Dow, S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, July 20 – JPMorgan Chase Financial Co. LLC priced $1.11 million of autocallable contingent interest notes due July 19, 2021 tied to the least performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 6.75% per year if each index closes at or above its interest barrier level, 60% of its initial level, on the review date for that quarter.

The notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly autocall review date other than the final one.

If the notes have not been called, the payout at maturity will be par unless any index finishes below its 60% trigger level, in which case investors will lose 1% for every 1% that the least-performing index finishes below its initial level.

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:	Autocallable contingent interest notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index and Russell 2000 index
Amount:	$1,110,000
Maturity:	July 19, 2021
Coupon:	6.75% per year, payable quarterly if each index closes at or above interest barrier level on review date for that quarter
Price:	Par
Payout at maturity:	Par unless any index finishes below its trigger value, in which case investors will lose 1% for every 1% that the least-performing index finishes below its initial level
Call:	Automatically at par plus contingent coupon if each index closes at or above its initial level on any quarterly autocall review date other than final one
Initial levels:	26,642.59 for Dow, 3,197.52 for S&P and 1,428.26 for Russell
Interest barriers:	15,985.554 for Dow, 1,918.512 for S&P and 856.956 for Russell; 60% of initial levels
Trigger levels:	15,985.554 for Dow, 1,918.512 for S&P and 856.956 for Russell; 60% of initial levels
Pricing date:	July 14
Settlement date:	July 17
Agent:	J.P. Morgan Securities LLC
Fees:	0.65%
Cusip:	48132MTX9

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