New Issue: JPMorgan prices $5.27 million contingent interest autocallables tied to index, ETF

By Wendy Van Sickle

Columbus, Ohio, Nov. 21 – JPMorgan Chase Financial Co. LLC priced $5.27 million of autocallable contingent interest notes due Nov. 21, 2019 linked to the lesser performing of the S&P 500 index and the SPDR S&P Biotech exchange-traded fund, according to a 424B2 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 8.55% if each asset closes at or above the coupon barrier, 50% of the initial level, on the review date for that quarter.

The notes will be called at par plus the contingent coupon if each asset closes at or above the initial level on any review date other than the first, second, third, fourth, fifth and final dates.

The payout at maturity will be par unless either asset finishes below its initial level and either asset ever closes below its 50% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing asset.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Autocallable contingent interest notes
Underlying assets:	S&P 500 index, SPDR S&P Biotech exchange-traded fund
Amount:	$5,265,000
Maturity:	Nov. 21, 2019
Coupon:	8.55% annualized, payable quarterly if each asset closes at or above 50% coupon barrier level on review date for that quarter
Price:	Par
Payout at maturity:	Par plus contingent coupon unless either asset falls and either asset ever closes below its 50% trigger level, in which case 1% loss for each 1% decline of worse performing asset
Call:	At par plus contingent coupon if either underlying closes at or above initial share price on any review date other than first, second, third, fourth, fifth and final dates
Initial levels:	2,187.12 for index, $66.48 for ETF
Coupon barrier/triggers:	1,093.56 for index, $33.24 for ETF; 50% of initial levels
Pricing date:	Nov. 17
Settlement date:	Nov. 22
Agent:	J.P. Morgan Securities LLC
Fees:	0.9%
Cusip:	46646QAQ8

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