New Issue: JPMorgan sells $1.45 million 7% autocallable yield notes on S&P, Russell

By William Gullotti

Buffalo, N.Y., May 6 – JPMorgan Chase Financial Co. LLC priced $1.45 million of 7% autocallable yield notes due Aug. 1, 2023 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Interest will be payable quarterly.

The notes will be called at par plus coupon if each index closes at or above its initial level on any quarterly review date other than the final date.

The payout at maturity will be par plus the last fixed coupon unless any index finishes below its trigger level, 70% of its initial level, in which case investors will be fully exposed to the decline of the least performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Autocallable yield notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$1,449,000
Maturity:	Aug. 1, 2023
Coupon:	7%, payable quarterly
Price:	Par
Payout at maturity:	Par plus final fixed coupon unless any index finishes below trigger level, in which case full exposure to decline of worst performing index
Call:	At par plus coupon if each index closes at or above the initial level on any quarterly review date other than the final date
Initial levels:	1,884.038 for Russell, 4,183.96 for S&P
Trigger levels:	1,318.8266 for Russell, 2,928.772 for S&P; 70% of initial levels
Pricing date:	April 27
Settlement date:	May 2
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48133FKJ3

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