New Issue: JPMorgan sells $1 million autocallable contingent interest notes tied to indexes

By Devika Patel

Knoxville, Tenn., April 13 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due April 16, 2020 linked to the lesser 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 are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent monthly coupon at an annual rate of 4.5% if each index closes at or above its coupon barrier level, 65% of its initial level, on the review date for that month.

Beginning on April 11, 2018, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date other than the final one.

The payout at maturity will be par plus the final coupon, if any, unless either index finishes below its 50% trigger level, in which case investors will lose 1% for each 1% decline of the worse performing index.

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, Russell 2000, Nasdaq-100
Amount:	$1 million
Maturity:	April 16, 2020
Coupon:	4.5% annualized, payable monthly if each underlying index closes at or above coupon barrier level on review date for that month
Price:	Par
Payout at maturity:	Par plus final coupon, if any, unless either index finishes below trigger level, in which case 1% loss for each 1% decline of worse performing index
Call:	At par plus contingent coupon if each index closes at or above initial level on any quarterly review date other than the final one beginning April 11, 2018
Initial levels:	2,357.16 for S&P, 1,367.085 for Russell and 5,421.679 for Nasdaq
Coupon barrier levels:	1,532.154 for S&P, 888.60525 for Russell and 3,524.09135 for Nasdaq; 65% of initial levels
Trigger levels:	1,178.58 for S&P, 683.5425 for Russell and 2,710.8395 for Nasdaq; 50% of initial levels
Pricing date:	April 11
Settlement date:	April 17
Agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	46646Q5M3

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