New Issue: JPMorgan sells $18.83 million contingent interest callables linked to three indexes

By Devika Patel

Knoxville, Tenn., April 26 – JPMorgan Chase Financial Co. LLC priced $18.83 million of contingent income callable securities due April 29, 2019 linked to the worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 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 annual rate of 8% if each index closes at or above its coupon barrier level, 70% of its initial index level, on each day of that quarter.

The notes are callable at par on any quarterly interest payment date other than the final one beginning on Oct. 27, 2017.

If each index finishes at or above its downside threshold level, 65% of its initial index level, the payout at maturity will be par plus the final contingent coupon, if any. If the final level of any index is less than its downside threshold level, investors will lose 1% for each 1% decline of the least-performing index.

J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Contingent income callable securities
Underlying indexes:	Euro Stoxx 50, S&P 500 and Russell 2000
Amount:	$18,825,000
Maturity:	April 29, 2019
Coupon:	8% per year, payable quarterly if each index closes at or above coupon barrier level on each day of that quarter
Price:	Par
Payout at maturity:	If each index finishes at or above downside threshold level, par plus final contingent coupon, if any; if final level of any index is less than downside threshold level, 1% loss for each 1% decline of lowest-performing index
Call option:	At par on any quarterly interest payment date other than final one beginning Oct. 27, 2017
Initial index levels:	3,577.38 for Euro Stoxx, 2,374.15 for S&P and 1,397.942 for Russell
Coupon barrier levels:	2,504.166 for Euro Stoxx, 1,661.905 for S&P and 978.5594 for Russell; 70% of initial levels
Downside thresholds:	2,325.297 for Euro Stoxx, 1,543.1975 for S&P and 908.6623 for Russell; 65% of initial levels
Pricing date:	April 24
Settlement date:	April 27
Agent:	J.P. Morgan Securities LLC
Fees:	2%
Cusip:	46646QQY4

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