New Issue: JPMorgan prices $2.69 million callable contingent interest notes linked to indexes, EAFE ETF

By Angela McDaniels

Tacoma, Wash., June 20 – JPMorgan Chase Financial Co. LLC priced $2.69 million of callable contingent interest notes due Dec. 23, 2019 linked to the least performing of the iShares MSCI EAFE exchange-traded fund, 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.

Each quarter, the notes pay a contingent coupon at an annual rate of 10.75% if each underlying component’s closing level remains at or above its interest barrier, 70% of its initial level, on each day during that quarter.

The notes are callable at par plus the contingent coupon, if any, on any interest payment date other than the first and final interest payment dates.

If the notes have not been called, the payout at maturity will be par plus the final coupon, if any, unless any underlying component finishes below its trigger value, 55% of its initial level, in which case investors will be exposed to the decline of the least-performing underlying component from its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Callable contingent interest notes
Underliers:	iShares MSCI EAFE ETF, Russell 2000 and S&P 500
Amount:	$2,685,000
Maturity:	Dec. 23, 2018
Coupon:	Notes pay quarterly contingent coupon at annual rate of 10.75% if each underlying component’s closing level remains at or above interest barrier on each day during that quarter
Price:	Par
Payout at maturity:	Par plus final coupon, if any, unless any underlying component finishes below trigger value, in which case exposure to decline of least-performing underlying component from initial level
Call:	Callable at par plus contingent coupon, if any, on any interest payment date other than first and final ones
Initial levels:	$55.89 for ETF, 2,077.99 for S&P 500 and 1,148.191 for Russell 2000
Interest barriers:	$39.123 for ETF, 1,454.593 for S&P 500 and 803.7337 for Russell 2000; 70% of initial levels
Trigger values:	$30.7395 for ETF, 1,142.8945 for S&P 500 and 631.50505 for Russell 2000; 55% of initial levels
Pricing date:	June 16
Settlement date:	June 21
Agent:	J.P. Morgan Securities LLC
Fees:	2%
Cusip:	46646EHB1

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