New Issue: JPMorgan prices $1 million 9.3% yield notes linked to Adobe, S&P 500

By William Gullotti

Buffalo, N.Y., Aug. 19 – JPMorgan Chase Financial Co. LLC priced $1 million of 9.3% yield notes due Aug. 15, 2024 linked to the performance of the S&P 500 index and Adobe Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The interest rate will be 9.3% per year, and interest will be payable monthly.

The payout at maturity will be par unless any underlier finishes below its trigger level, 60% of its initial level, in which case investors will lose 1% for every 1% that the worst performer declines below its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Yield notes
Underlying assets:	S&P 500 index, Adobe Inc.
Amount:	$1,001,000
Maturity:	Aug. 15, 2024
Coupon:	9.3%, payable monthly
Price:	Par
Payout at maturity:	Par unless any underlier finishes below trigger level, in which case 1% loss for every 1% decline of worst performer from initial level
Initial levels:	4,280.15 for S&P, $445.67 for Adobe
Trigger levels:	2,568.09 for S&P, $267.402 for Adobe; 60% of initial levels
Strike date:	Aug. 12
Pricing date:	Aug. 15
Settlement date:	Aug. 18
Agent:	J.P. Morgan Securities LLC
Fees:	0.4%
Cusip:	48133MJN1

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