New Issue: JPMorgan prices $2.45 million contingent interest autocallables linked to oil ETF, indexes

By Angela McDaniels

Tacoma, Wash., March 12 – JPMorgan Chase Financial Co. LLC priced $2.45 million of autocallable contingent interest notes due March 13, 2024 linked to the least performing of the Nasdaq-100 index, the S&P 500 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 are guaranteed by JPMorgan Chase & Co.

Each month, the notes will pay a contingent coupon at the rate of 8.4% per year if each underlier closes at or above its interest barrier, 70% of its initial level, on the review date for that month.

Beginning March 9, 2020, 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.

If the notes have not been called, the payout at maturity will be par unless any underlier finishes below its trigger value, 60% of its initial level, in which case investors will lose 1% for every 1% that the least-performing underlier finishes below 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
Underliers:	Nasdaq-100 index, S&P 500 index and SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$2,445,000
Maturity:	March 13, 2024
Coupon:	8.4% per year, payable monthly if each underlier closes at or above interest barrier on review date for that month
Price:	Par
Payout at maturity:	Par unless any underlier finishes below trigger value, in which case 1% loss for every 1% that least-performing underlier finishes below initial level
Call:	Beginning March 9, 2020, automatically at par plus contingent coupon if each underlier closes at or above initial level on any quarterly autocall review date
Initial levels:	7,015.690 for Nasdaq-100, 2,743.07 for S&P 500 and $28.06 for ETF
Interest barriers:	4,910.983 for Nasdaq-100, 1,920.149 for S&P 500 and $19.642 for ETF; 70% of initial levels
Trigger values:	4,209.414 for Nasdaq -100, 1,645.842 for S&P 500 and $16.836 for ETF; 60% of initial levels
Pricing date:	March 8
Settlement date:	March 13
Agent:	J.P. Morgan Securities LLC
Fees:	4.175%
Cusip:	48130W5B3

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