New Issue: JPMorgan sells $1.94 million yield notes on Russell, S&P

By Sarah Lizee

Olympia, Wash., Sept. 2 – JPMorgan Chase Financial Co. LLC sold $1.94 million of 8% yield notes due Dec. 3, 2021 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Interest will payable monthly.

The payout at maturity will be par unless either index closes below its trigger level, 70% of its initial level, on any day during the life of the notes and the return of the least-performing index is negative, in which case investors will lose 1% for every 1% that the least-performing index finishes below its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Yield notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$1,939,000
Maturity:	Dec. 3, 2021
Coupon:	8%, payable monthly
Price:	Par
Payout at maturity:	Par unless either index ever closes below its trigger level during the life of the notes and return of least-performing index is negative, in which case 1% loss for every 1% decline of worse performing index from initial level
Initial levels:	1,561.876 for Russell and 3,500.31 for S&P
Trigger levels:	1,093.3132 for Russell and 2,450.217 for S&P, 70% of initial levels
Pricing date:	Aug. 31
Settlement date:	Sept. 3
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48132MF89

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