New Issue: JPMorgan sells $1.75 million contingent interest notes on the Russell, S&P

By William Gullotti

Buffalo, N.Y., June 24 – JPMorgan Chase Financial Co. LLC priced $1.75 million of contingent interest notes due June 23, 2025 linked to the lesser performing of the S&P 500 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.

The notes pay a contingent semiannual coupon at a rate of 7.15% 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 plus the final coupon unless any index finishes below its 70% 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:	Russell 2000 index, S&P 500 index
Amount:	$1,754,000
Maturity:	June 23, 2025
Coupon:	7.15% annual rate, payable semiannually if each index closes at or above its coupon barrier on the review date for that period
Price:	Par
Payout at maturity:	Par plus final coupon 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:	1,665.694 for Russell, 3,674.84 for S&P
Coupon barrier/trigger levels:	1,165.9858 for Russell, 2,572.388 for S&P; 70% of initial levels
Pricing date:	June 17
Settlement date:	June 23
Agent:	J.P. Morgan Securities LLC
Fees:	2.5%
Cusip:	48133GA45

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