New Issue: JPMorgan prices $1.81 million contingent interest notes linked to S&P 500, Russell 2000

By Kiku Steinfeld

Chicago, July 22 – JPMorgan Chase Financial Co. LLC priced $1.81 million of contingent interest notes due July 20, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to 4 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Each quarter, the notes pay a contingent coupon at an annualized rate of 6.6% if each index closes at or above its barrier level, 70% of its initial level, on the review date for that quarter.

The payout at maturity will be par unless either index finishes below its barrier level, 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:	S&P 500 and Russell 2000
Amount:	$1,184,000
Maturity:	July 20, 2023
Coupon:	6.6% per year, payable quarterly if each index closes at or above barrier level that quarter
Price:	Par
Payout at maturity:	Par plus contingent coupon unless either index finishes below barrier level, in which case par plus return of lesser-performing index
Initial levels:	3,224.73 for S&P and 1,473.319 for Russell
Barrier levels:	2,257.311 for S&P and 1,031.3233 for Russell, 70% of initial levels
Pricing date:	July 17
Settlement date:	July 22
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48132MUD1

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