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Published on 5/22/2018 in the Prospect News Structured Products Daily.

JPMorgan to price contingent interest autocallables on three indexes

By Marisa Wong

Morgantown, W.Va., May 22 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due May 26, 2023 linked to the least performing of the S&P 500 index, Russell 2000 index and Euro Stoxx 50 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 quarterly coupon at an annual rate of at least 8.5% if each underlying closes at or above its 70% coupon barrier on the related quarterly review date.

The notes will be called at par plus the contingent coupon if each underlying closes at or above its initial level on any quarterly review date other than the first, second, third and final dates.

The payout at maturity will be par unless any underlying finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worst performing underlying.

J.P. Morgan Securities LLC is the agent.

The notes will price May 23.

The Cusip number is 48129MVB9.


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