New Issue: JPMorgan sells $2.22 million autocallable contingent interest notes on index, ETFs

By Devika Patel

Knoxville, Tenn., April 21 – JPMorgan Chase Financial Co. LLC priced $2.22 million of autocallable contingent interest notes due April 23, 2021 linked to the lesser performing of the Russell 2000 index, the iShares MSCI EAFE exchange-traded fund and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, 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 quarterly coupon at an annual rate of 7.75% if each underlying closes at or above its trigger level, 60% of its initial level, on any review date.

The notes will be called at par plus the contingent coupon if each underlying closes at or above its initial level on any review date other than the final one beginning on April 20, 2018.

The payout at maturity will be par plus the final coupon unless any underlying finishes below its 60% trigger level, in which case investors will lose 1% for each 1% decline of the worse performing underlying from its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Autocallable contingent interest notes
Underlyings:	Russell 2000 index, the iShares MSCI EAFE exchange-traded fund and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund
Amount:	$2,216,000
Maturity:	April 23, 2021
Coupon:	7.75% annualized, payable quarterly if each underlying closes at or above trigger level on review date for that quarter
Price:	Par
Payout at maturity:	Par plus final coupon unless any underlying finishes below trigger level, in which case 1% loss for each 1% decline of worse performing underlying from initial level
Call:	At par plus contingent coupon if each underlying closes at or above initial level on any review date other than final one beginning on April 20, 2018
Initial levels:	1,367.133 for Russell, $61.44 for iShares, $34.95 for Oil & Gas
Trigger levels:	820.2798 for Russell, $36.864 for iShares, $20.97 for Oil & Gas; 60% of initial levels
Pricing date:	April 19
Settlement date:	April 24
Agent:	J.P. Morgan Securities LLC
Fees:	3.15%
Cusip:	46646Q5N1

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