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Published on 4/20/2018 in the Prospect News Structured Products Daily.

JPMorgan plans contingent interest autocalls on two indexes, oil ETF

New York, April 20 – JPMorgan Chase Financial Co. LLC plans to price 7.25% autocallable contingent interest notes due April 27, 2023 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index 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 will pay a contingent monthly coupon at an annual rate of at least 7.25% if each underlier closes at or above its 60% interest barrier on the review date for that month. The exact coupon will be set at pricing.

Starting on April 24, 2019, the notes will be automatically called at par plus the contingent coupon if each underlier closes at or above its initial level on any quarterly autocall review date.

The payout at maturity will be par unless any underlier ends below its 60% trigger value in which case investors will be exposed to any losses of the least performing underlier.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on April 24 and settle on April 27.

The Cusip number is 48129MA97.


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