New Issue: JPMorgan sells $500,000 contingent interest notes on indexes

By Taylor Fox

New York, Oct. 26 – JPMorgan Chase Financial Co. LLC priced $500,000 of contingent interest notes due June 28, 2021 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index, and the S&P 500 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 contingent monthly coupon at an overall rate of 6.9375% if each index closes at or above its 70% interest barrier on the related review date.

The payout at maturity will be par unless any index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worst 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:	Nasdaq-100, Russell 2000 and S&P 500
Amount:	$500,000
Maturity:	June 28, 2021
Coupon:	6.9375% overall rate, payable each month that all indexes close at or above interest barrier on the related review date
Price:	Par
Payout at maturity:	Par unless any index finishes below its trigger level, in which case investors will be fully exposed to any losses of the worst performing index
Initial levels:	10,833.33 for Nasdaq, 1,451.458 for Russell and 3,236.92 for S&P
Coupon/trigger levels:	7,583.331 for Nasdaq, 1,016.0206 for Russell and 2,265.844 for S&P, 70% of initial levels
Pricing date:	Sept. 23
Settlement date:	Sept. 28
Agent:	J.P. Morgan Securities LLC
Fees:	0.35%
Cusip:	48132PDU5

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