New Issue: JPMorgan sells $3.35 million callable contingent interest notes on indexes, ETF

By Devika Patel

Knoxville, Tenn., Jan. 2 – JPMorgan Chase Financial Co. LLC priced $3.35 million of callable contingent interest notes due Dec. 24, 2020 linked 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 9.1% if each underlying closes at or above its interest barrier level, 75% of its initial level, on the review date for that quarter.

The notes may be called at par plus any coupon, in whole but not in part, on any interest payment date other than the final one beginning on June 24, 2019.

If the notes have not been called, the payout at maturity will be par plus any coupon unless any of the underlyings have finished below their trigger value, 65% of the 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:	$3.35 million
Maturity:	Dec. 24, 2020
Coupon:	9.1% annualized, payable quarterly if each underlying closes at or above interest barrier level on review date for that quarter
Price:	Par
Payout at maturity:	Par unless any underlying finishes below trigger level, in which case 1% loss for every 1% decline of worst-performing underlying from initial level
Call:	At par plus any coupon on any coupon payment date other than final one beginning on June 24, 2019
Initial levels:	2,545.94 for S&P 500, 1,378.144 for Russell 2000 and $59.98 for iShares MSCI EAFE
Interest barrier levels:	1,909.455 for S&P, 1,033.608 for Russell and $44.985 for EAFE; 75% of initial levels
Trigger levels:	1,654.861 for S&P, 895.7936 for Russell and $38.987 for EAFE; 65% of initial levels
Pricing date:	Dec. 17
Settlement date:	Dec. 20
Agent:	J.P. Morgan Securities LLC
Fees:	2.25%
Cusip:	48130WKM2

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