New Issue: JPMorgan prices $1 million of callable contingent interest notes on indexes, ETF

By Devika Patel

Knoxville, Tenn., May 25 – JPMorgan Chase Financial Co. LLC priced $1 million of callable contingent interest notes due Nov. 29, 2019 to the least performing of the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Each quarter, the notes will pay a contingent coupon at an annual rate of 6% if each underlying closes at or above its coupon barrier level, 75% of its initial level, on the review date for that quarter.

The notes may be called at par in whole but not in part on any interest payment date other than final one beginning May 29, 2018.

If the notes have not been called, the payout at maturity will be par plus the final coupon, if any, unless any of the underlyings has finished below its trigger value, 60% of its initial level, in which case investors will lose 1% for every 1% decline of the worst performing underlying from its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Callable contingent interest notes
Underlyings:	S&P 500 index, Russell 2000 index and iShares MSCI EAFE exchange-traded fund
Amount:	$1 million
Maturity:	Nov. 29, 2019
Coupon:	Notes pay quarterly contingent coupon at annual rate of 6% if each underlying closes at or above coupon barrier level on review date for that quarter
Price:	Par
Payout at maturity:	Par plus final coupon, if any, unless any underlying finishes below 60% of its initial value, in which case 1% loss for every 1% decline of worst-performing underlying from initial level
Call:	At par plus contingent coupon if each underlying closes at or above initial level on any quarterly review date other than final one beginning May 29, 2018
Initial levels:	2,398.42 for S&P 500, 1,380.982 for Russell 2000 and $66.20 for iShares MSCI EAFE
Interest barrier levels:	1,798.815 for S&P 500, 1,035.7365 for Russell 2000 and $49.65 for iShares MSCI EAFE; 75% of initial levels
Trigger levels:	1,439.052 for S&P 500, 828.5892 for Russell 2000 and $39.72 for iShares MSCI EAFE; 60% of initial levels
Pricing date:	May 23
Settlement date:	May 26
Agent:	J.P. Morgan Securities LLC
Fees:	2%
Cusip:	46647MDF7

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