New Issue: JPMorgan prices $1.4 million 8.75% yield notes linked to SPDR ETF, S&P 500

By William Gullotti

Buffalo, N.Y., Oct. 10 – JPMorgan Chase Financial Co. LLC priced $1.4 million of 8.75% yield notes due Feb. 7, 2025 linked to the performance of the S&P 500 index and the Communication Services Select Sector SPDR Fund, 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 8.75% per year, and interest will be payable monthly.

The payout at maturity will be par unless any underlier finishes below its trigger level, 65% 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, Communication Services Select Sector SPDR Fund
Amount:	$1,401,000
Maturity:	Feb. 7, 2025
Coupon:	8.75%, 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:	3,790.93 for S&P, $50.74 for ETF
Trigger levels:	2,464.1045 for S&P, $32.981 for ETF; 65% of initial levels
Strike date:	Oct. 4
Pricing date:	Oct. 5
Settlement date:	Oct. 11
Agent:	J.P. Morgan Securities LLC
Fees:	0.47%
Cusip:	48133NZH4

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