New Issue: JPMorgan prices $885,000 contingent interest autocallables linked to S&P, Russell

By Angela McDaniels

Tacoma, Wash., Dec. 13 – JPMorgan Chase Financial Co. LLC priced $885,000 of autocallable contingent interest notes due June 10, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at the rate of 6.45% per year if each index closes at or above its interest barrier, 80% of its initial level, on the review date for that month.

The notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly autocall review date.

If the notes have not been called, the payout at maturity will be par unless either index closes below its trigger value, 70% of its initial level, during the life of the notes and either index finishes below its initial level, in which case investors will lose 1% for every 1% that the lesser-performing index finishes below 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 interest notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$885,000
Maturity:	June 10, 2021
Coupon:	6.45% per year, payable monthly if each index closes at or above interest barrier on review date for that month
Price:	Par
Payout at maturity:	Par unless either index closes below trigger value during life of notes and either index finishes below initial level, in which 1% loss for every 1% that lesser-performing index finishes below initial level
Call:	Automatically at par plus contingent coupon if each index closes at or above initial level on March 5, 2020, June 5, 2020, Sept. 8, 2020, Dec. 7, 2020 or March 5, 2021
Initial levels:	3,117.43 for S&P 500 and 1,614.833 for Russell 2000
Interest barriers:	2,493.944 for S&P 500 and 1,291.8664 for Russell 2000, or 80% of initial levels
Trigger values:	2,182.201 for S&P 500 and 1,130.3831 for Russell 2000, or 70% of initial levels
Pricing date:	Dec. 5
Settlement date:	Dec. 10
Agent:	J.P. Morgan Securities LLC
Fees:	2.25%
Cusip:	48132HFD9

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