New Issue: JPMorgan prices $8.36 million contingent income autocallables linked to Russell, Stoxx

By Wendy Van Sickle

Columbus, Ohio, Dec. 20 – JPMorgan Chase Financial Co. LLC priced $8.36 million of contingent income autocallable securities due Dec. 20, 2022 linked to the worse performing of the Euro Stoxx 50 index 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 quarter, the notes pay a contingent coupon at an annual rate of 8.1% if each index closes at or above its coupon barrier level, 75% of its initial level, on the determination date for that quarter.

The notes will be automatically called at par if each index closes at or above its initial level on any quarterly determination date other than the first and final ones.

The payout at maturity will be par unless the final level of either index is less than its downside threshold level, 75% of its initial level, in which case investors will be fully exposed to the decline of the worst-performing index.

J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Contingent income autocallable securities
Underlying indexes:	Euro Stoxx 50, Russell 2000
Amount:	$8,358,000
Maturity:	Dec. 20, 2022
Coupon:	Each quarter, notes pay contingent coupon at annual rate of 8.1% if each index closes at or above coupon barrier level on determination date for that quarter
Price:	Par
Payout at maturity:	If each index finishes at or above downside threshold level, par; if final level of either index is less than downside threshold level, full exposure to decline of worst-performing index
Call:	Automatically at par if each index closes at or above its initial level on any quarterly determination date other than first and final ones
Initial levels:	1,530.425 for Russell, 3,560.53 for Stoxx
Coupon barriers:	1,147.81875 for Russell, 2,670.3975 for Stoxx, 75% of initial levels
Downside thresholds:	1,147.81875 for Russell, 2,670.3975 for Stoxx, 75% of initial levels
Pricing date:	Dec. 15
Settlement date:	Dec. 20
Agent:	J.P. Morgan Securities LLC
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	3%
Cusip:	48129HUU9

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