New Issue: JPMorgan sells $1.14 million 15.65% yield notes on three stocks

By William Gullotti

Buffalo, N.Y., June 16 – JPMorgan Chase Financial Co. LLC priced $1.14 million of 15.65% yield notes due June 13, 2024 linked to the worst performing of the lululemon athletica inc., Apple Inc. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The interest rate will be 15.65% per year, and interest will be payable monthly.

The payout at maturity will be par unless any stock finishes below its trigger level, 70% of its initial level. Otherwise, investors will lose 1% for every 1% that the least-performing stock declines below its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Yield notes
Underlying stocks:	lululemon athletica inc., Apple Inc., Nvidia Corp.
Amount:	$1,142,000
Maturity:	June 13, 2024
Coupon:	15.65%, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below trigger level, in which case 1% loss for every 1% decline of worst performing stock from initial level
Initial stock levels:	$307.77 for lululemon, $147.96 for Apple, $186.48 for Nvidia
Trigger levels:	$215.439 for lululemon, $103.572 for Apple, $130.536 for Nvidia; 70% of initial levels
Strike date:	June 8
Pricing date:	June 10
Settlement date:	June 15
Agent:	J.P. Morgan Securities LLC
Fees:	0.65%
Cusip:	48133GZN6

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