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Published on 12/5/2016 in the Prospect News Structured Products Daily.

JPMorgan to price autocallable contingent interest notes tied to Nike

New York, Dec. 5 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due March 21, 2018 linked to Nike, Inc. class B common shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of between 7% and 9% if the stock closes at or above the 79% interest barrier level on the determination date for that quarter. The exact coupon will be set at pricing.

The notes will be called at par plus the contingent coupon if the stock closes at or above the initial level on any quarterly review date other than the first and final dates.

The payout at maturity will be par plus the final coupon unless the stock closes below the 79% trigger level on any day during the life of the notes and finishes below its initial level, in which case investors will lose 1% for each 1% share price decline.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 46646QEQ4) will price on Dec. 16 and settle on Dec. 21.


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