New Issue: JPMorgan prices $2.32 million callable contingent interest notes on indexes, EAFE ETF

By Wendy Van Sickle

Columbus, Ohio, July 8 – JPMorgan Chase Financial Co. LLC priced $2.32 million of callable contingent interest notes due Jan. 13, 2020 linked to the least performing of the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, 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 13% 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:	S&P 500, Russell 2000 and iShares MSCI EAFE ETF
Amount:	$2,317,000
Maturity:	Jan. 13, 2020
Coupon:	Notes pay quarterly contingent coupon at annual rate of 13% if each underlying component’s closing level remains at or above interest barrier on each day during that quarter
Price:	Par of $1,000
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:	2,099.73 for S&P 500, 1,147.333 for Russell 2000 and $54.62 for ETF
Interest barriers:	1,469.811 for S&P 500, 803.1331 for Russell 2000 and $38.234 for ETF; 70% of initial levels
Trigger values:	1,154.8515 for S&P 500, 631.03315 for Russell 2000 and $30.041 for ETF; 55% of initial levels
Pricing date:	July 6
Settlement date:	July 11
Agent:	J.P. Morgan Securities LLC
Fees:	2%
Cusip:	46646EKT8

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