New Issue: JPMorgan sells $514,000 contingent interest notes on Nasdaq, Russell, S&P

By Kiku Steinfeld

Chicago, Oct. 30 – JPMorgan Chase Financial Co. LLC priced $514,000 of contingent interest notes due Oct. 28, 2021 linked to the least performing of the S&P 500 index, the Nasdaq-100 index 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 month, the notes pay a contingent coupon at a rate of 8% per year if each index closes at or above its coupon barrier, 70% of its initial level, on the review date for that period.

The payout at maturity will be par unless any index finishes below its 70% trigger value, in which case investors will be fully exposed to the decline of the least-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 index, Nadaq-100 index and Russell 2000 index
Amount:	$514,000
Maturity:	Oct. 28, 2021
Coupon:	8%, payable each month that each index closes at or above its coupon barrier on the review date for that period
Price:	Par
Payout at maturity:	Par unless any index finishes below its trigger value, in which case investors will be fully exposed to the decline of the lesser-performing index
Initial levels:	1,640.502 for Russell, 11,692.57 for Nasdaq, 3,465.39 for S&P
Interest barriers/triggers:	1,148.3514 for Russell, 8,184.799 for Nasdaq, 2,425.773 for S&P, 70% of initial levels Pricing date:	Oct. 23
Settlement date:	Oct. 28
Agent:	J.P. Morgan Securities LLC
Fees:	0.3339%
Cusip:	48132PPN8

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