New Issue: JPMorgan prices $576,000 contingent interest notes linked to Dow, Russell

By Sarah Lizee

Olympia, Wash., Aug. 25 – JPMorgan Chase Financial Co. LLC priced $576,000 of contingent interest notes due Aug. 25, 2022 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to 4 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Each quarter, the notes pay a contingent coupon at an annualized rate of 7.25% if each index closes at or above its barrier level, 75% of its initial level, on the review date for that quarter.

The payout at maturity will be par unless either index finishes below its barrier level, in which case investors will be fully exposed to the decline of the lesser-performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Contingent interest notes
Underlying indexes:	Dow Jones industrial average and Russell 2000
Amount:	$576,000
Maturity:	Aug. 25, 2022
Coupon:	7.25% per year, payable quarterly if each index closes at or above barrier level that quarter
Price:	Par
Payout at maturity:	Par plus contingent coupon unless either index finishes below barrier level, in which case par plus return of lesser-performing index
Initial levels:	27,930.33 for Dow, 1,552.476 for Russell
Barrier levels:	20,947.7475 for Dow, 1,164.357 for Russell, 75% of initial levels
Pricing date:	Aug. 21
Settlement date:	Aug. 26
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48132M2V2

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