New Issue: JPMorgan prices $8.62 million contingent income autocallables linked to indexes

By Sarah Lizee

Olympia, Wash., Oct. 23 – JPMorgan Chase Financial Co. LLC priced $8.62 million of contingent income autocallable securities due July 23, 2020 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 10% per year if each index closes at or above its downside threshold level, 80% of its initial level, on the determination date for that quarter.

The notes will be automatically called at par if each index closes at or above its initial level on any quarterly determination date other than the final determination date.

The payout at maturity will be par unless any index finishes below its downside threshold level, in which case 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. Distribution is through Morgan Stanley Wealth Management.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Contingent income autocallable securities
Underlying indexes:	Nasdaq-100, Russell 2000 and S&P 500
Amount:	$8,615,000
Maturity:	July 23, 2020
Coupon:	10% per year, payable quarterly if each index closes at or above downside threshold on determination date for that quarter
Price:	Par
Payout at maturity:	Par unless any index finishes below downside threshold level, in which case exposure to decline of least-performing index
Call:	Automatically at par if each index closes at or above initial level on any determination date other than final determination date
Initial levels:	7,868.491 for Nasdaq-100, 1,535.482 for Russell 2000 and 2,986.20 for S&P 500
Downside thresholds:	6,294.7928 for Nasdaq-100, 1,228.3856 for Russell 2000 and 2,388.96 for S&P 500, or 80% of initial levels
Pricing date:	Oct. 18
Settlement date:	Oct. 23
Agent:	J.P. Morgan Securities LLC
Distribution:	Morgan Stanley Wealth Management
Fees:	1.75%
Cusip:	48132FXH4

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