New Issue: JPMorgan sells $425,000 contingent interest notes on the Dow, Russell

By Wendy Van Sickle

Columbus, Ohio, May 27 – JPMorgan Chase Financial Co. LLC priced $425,000 of contingent interest notes due May 26, 2022 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Each six months, the notes pay a contingent coupon at a rate of 9% per year if each index closes at or above its coupon barrier, 75% of its initial level, on the review date for that period.

The payout at maturity will be par unless either index finishes below its 75% trigger value, in which case investors will be fully exposed to the decline of the lesser-performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Contingent interest notes
Underlying indexes:	Dow Jones industrial average and Russell 2000
Amount:	$425,000
Maturity:	May 26, 2022
Coupon:	9%, payable each six months that each index closes at or above its coupon barrier on the review date for that period
Price:	Par
Payout at maturity:	Par unless either index finishes below its trigger value, in which case investors will be fully exposed to the decline of the lesser-performing index
Initial levels:	24,465.16 for Dow and 1,355.531 for Russell
Barrier/trigger levels:	18,348.87 for Dow and 1,016.64825 for Russell, 75% of initial levels
Pricing date:	May 22
Settlement date:	May 29
Agent:	J.P. Morgan Securities LLC
Fees:	0%
Cusip:	48132KD28

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