New Issue: JPMorgan sells $1.89 million autocallable contingent interest notes on Russell, S&P

By Sarah Lizee

Olympia, Wash., Oct. 3 – JPMorgan Chase Financial Co. LLC priced $1.89 million of autocallable contingent interest notes due Dec. 31, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a quarterly coupon at an annual rate of 7% if both indexes close above their interest barrier levels, 70% of their initial levels, on the review date for that quarter.

The notes will be called at par plus the contingent coupon if both indexes close at or above their initial levels on any quarterly review date other than the final date.

The payout at maturity will be par plus the final coupon unless either index finishes below its initial level and either index closes below its 70% trigger level during the life of the notes, in which case investors will lose 1% for each 1% decline of the lesser performing index 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 indexes:	S&P 500, Russell 2000
Amount:	$1,885,000
Maturity:	Dec. 31, 2019
Coupon:	7% annualized, payable quarterly if each index closes above its interest barrier level on review date for that quarter
Price:	Par
Payout at maturity:	Par plus the final coupon unless any index finishes below its initial level and closes below its 70% trigger level during the life of the notes, in which case 1% loss for each 1% decline of lesser performing index from initial level
Call:	At par plus contingent coupon if each index closes at or above initial level on any quarterly review date other than the final date
Initial levels:	1,696.571 for Russell, 2,913.98 for S&P
Interest barrier levels:	1,187.5997 for Russell, 2,039.786 for S&P, 70% of initial levels
Trigger levels:	1,187.5997 for Russell, 2,039.786 for S&P, 70% of initial levels
Pricing date:	Sept. 28
Settlement date:	Oct. 3
Agent:	J.P. Morgan Securities LLC
Fees:	0.25%
Cusip:	48130UFL4

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