New Issue: JPMorgan sells $585,000 contingent interest notes on the Dow, Russell

By Kiku Steinfeld

Chicago, Oct. 30 – JPMorgan Chase Financial Co. LLC priced $585,000 of contingent interest notes due Oct. 27, 2022 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Each six months, the notes pay a contingent coupon at a rate of 5% per year if each index closes at or above its coupon barrier, 70% of its initial level, on the review date for that period.

The payout at maturity will be par unless either index finishes below its 70% trigger value, 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:	$585,000
Maturity:	Oct. 27, 2022
Coupon:	5%, payable each six months that each index closes at or above its coupon barrier on the review date for that period
Price:	Par
Payout at maturity:	Par unless either index finishes below its trigger value, in which case investors will be fully exposed to the decline of the lesser-performing index
Initial levels:	28,335.57 for Dow and 1,640.502 for Russell
Barrier/trigger levels:	19,834.899 for Dow and 1,148.3514 for Russell, 70% of initial levels
Pricing date:	Oct. 23
Settlement date:	Oct. 28
Agent:	J.P. Morgan Securities LLC
Fees:	2%
Cusip:	48132PLL6

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