New Issue: JPMorgan sells $2.39 million autocallable contingent interest notes on three ETFs

New York, July 19 – JPMorgan Chase Financial Co. LLC priced $2.39 million of autocallable contingent interest notes due July 17, 2020 linked to the least performing of the SPDR S&P 500 ETF Trust, the iShares Russell 2000 exchange-traded fund and the SPDR Euro Stoxx 50 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a semi-annual coupon at an annual rate of 6.25% if each fund closes at or above its interest barrier level, 60% of its initial level, on the review date for that six-monthly period.

The notes will be called at par plus the contingent coupon if each fund closes at or above its initial level on any semi-annual review date other than the final date.

The payout at maturity will be par plus the final coupon unless any fund finishes below its 70% trigger value, in which case investors will lose 1% for each 1% decline of the least performing fund from its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Autocallable contingent interest notes
Underlying ETFs: SPDR S&P 500 ETF Trust, iShares Russell 2000 exchange-traded fund, SPDR Euro Stoxx 50 exchange-traded fund
Amount:	$2,385,000
Maturity:	July 17, 2020
Coupon:	6.25% annualized, payable semi-annually if each fund closes above its interest barrier on review date for that six months
Price:	Par
Payout at maturity:	Par plus the final coupon unless any fund finishes below its 70% trigger level, in which case 1% loss for each 1% decline of least performing fund from initial level
Call:	At par plus contingent coupon if each fund closes at or above initial level on any semi-annual review date other than the final date
Initial levels:	$244.01 for SPDR S&P, $141.37 for iShares Russell, $39.11 for SPDR Stoxx, set on July 12
Interest barrier levels:	$146.406 for SPDR S&P, $84.822 for iShares Russell, $23.466 for SPDR Stoxx; 70% of initial levels
Trigger levels:	$146.406 for SPDR S&P, $84.822 for iShares Russell, $23.466 for SPDR Stoxx; 70% of initial levels
Pricing date:	July 14
Settlement date:	July 19
Agent:	J.P. Morgan Securities LLC
Fees:	1.3%
Cusip:	46647MXK4

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