New Issue: JPMorgan sells $1.7 million contingent interest autocalls on indexes, ETF

By Sarah Lizee

Olympia, Wash., Dec. 4 – JPMorgan Chase Financial Co. LLC priced $1.7 million of autocallable contingent interest notes due Nov. 26, 2021 linked to the least performing of the Russell 2000 index, the S&P 500 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 7.5% per year, plus any previously unpaid coupons, if each asset closes at or above its interest barrier, 69% of its initial level, on the review date for that quarter.

The notes will be automatically called at par plus the contingent coupon if each asset closes at or above its initial level on any quarterly review date other than the final one.

If the notes have not been called, the payout at maturity will be par unless any asset finishes below its trigger level, 69% of its initial level, in which case investors will lose 1% for every 1% that the least-performing asset declines.

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 interest notes
Underlying assets:	Russell 2000 index, S&P 500 index and iShares MSCI Emerging Markets ETF
Amount:	$1.7 million
Maturity:	Nov. 26, 2021
Coupon:	7.5% per year, payable quarterly if each asset closes at or above interest barrier on review date for that quarter, plus any previously unpaid coupons
Price:	Par
Payout at maturity:	Par unless any asset finishes below its trigger value, in which case investors will lose 1% for every 1% that the least-performing asset declines
Call:	Automatically at par plus contingent coupon if each asset closes at or above initial level on any quarterly review date other than the final one
Initial levels:	3,110.29 for S&P, 1,588.943 for Russell and $42.87 for ETF
Interest barriers:	2,146.1001 for S&P, 1,096.37067 for Russell and $29.5803 for ETF; 69% of initial levels
Trigger values:	2,146.1001 for S&P, 1,096.37067 for Russell and $29.5803 for ETF; 69% of initial levels
Pricing date:	Nov. 22
Settlement date:	Nov. 27
Agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48132FU38

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