New Issue: JPMorgan prices $313,000 8.25% contingent interest notes on Nasdaq, S&P

By Kiku Steinfeld

Chicago, April 5 – JPMorgan Chase Financial Co. LLC priced $313,000 of contingent interest notes due Dec. 18, 2023 linked to the Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.25%, paid monthly, if each underlying index closes at or above its 60% trigger level on the related monthly observation date.

If the worst performing index gains or ends above its 60% trigger value, the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below its trigger value.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Contingent interest notes
Underlying indexes:	Nasdaq-100 index and S&P 500 index
Amount:	$313,000
Maturity:	Dec. 18, 2023
Coupon:	8.25%, paid monthly, if each underlying index closes at or above its 60% trigger level on the related monthly observation date
Price:	Par
Payout at maturity:	If worst performing index finishes at or above its 60% trigger value, par; 1% loss for every 1% that worst performing index declines if it finishes below its trigger value
Initial levels:	11,834.21 for Nasdaq, 4,019.65 for S&P
Trigger values:	7,100.526 for Nasdaq, 2,411.79 for S&P, 60% of initial level
Pricing date:	Dec. 13
Settlement date:	Dec. 16
Agent:	J.P. Morgan Securities LLC
Fees:	0.725%
Cusip:	48133PZR7

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