New Issue: JPMorgan prices $1.03 million autocallable contingent buffered notes linked to indexes

By Angela McDaniels

Tacoma, Wash., July 1 – JPMorgan Chase Financial Co. LLC priced $1.03 million of 0% autocallable contingent buffered equity notes due June 30, 2022 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium of 11% per year if each index closes at or above its initial level on any of five semiannual review dates.

If the notes have not been called and the final level of each index is greater than its initial level, the payout at maturity will be par plus the return of the least-performing index.

If the final level of one or more indexes is greater than its initial level and the final level of the other index or indexes is equal to its initial level or is less than its initial level by up to 30% or if the final level of each index is equal to its initial level or is less than its initial level by up to 30%, the payout will be par.

If the final level of any index is less than its initial level by more than 30%, investors will lose 1% for every 1% that the least-performing index declines from its initial level.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Autocallable contingent buffered equity notes
Underlying indexes:	S&P 500, Russell 2000 and Nasdaq-100
Amount:	$1,027,000
Maturity:	June 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If notes have not been called and final level of each index is greater than initial level, par plus return of least-performing index; if final level of one or more indexes is greater than initial level and final level of other index or indexes is equal to initial level or is less than initial level by up to 30% or if final level of each index is equal to initial level or is less than initial level by up to 30%, par; if final level of any index is less than initial level by more than 30%, 1% loss for every 1% that least-performing index declines from initial level
Call:	Automatically at par plus call premium of 11% per year if each index closes at or above initial level on Dec. 26, 2019, June 26, 2020, Dec. 28, 2020, June 25, 2021 or Dec. 28, 2021
Initial levels:	2,917.38 for S&P 500, 1,521.035 for Russell 2000 and 7,591.536 for Nasdaq-100
Pricing date:	June 25
Settlement date:	June 28
Agent:	J.P. Morgan Securities LLC
Fees:	3%
Cusip:	48132CPL1

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