New Issue: JPMorgan sells $2.76 million contingent interest autocalls on fund, indexes

By Sarah Lizee

Olympia, Wash., Nov. 28 – JPMorgan Chase Financial Co. LLC priced $2.76 million of autocallable contingent interest notes due Nov. 25, 2022 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.45% if each underlying asset closes at or above its 60% coupon barrier on the review date for that quarter.

The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any review date other than the first, second, third and final dates.

The payout at maturity will be par unless any underlying asset finishes below 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing index or fund.

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:	Autocallable contingent interest notes
Underlying assets:	Euro Stoxx 50 index, Russell 2000 index and SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$2.76 million
Maturity:	Nov. 25, 2022
Coupon:	8.45% annualized, payable quarterly if each asset closes at or above 60% coupon barrier on review date
Price:	Par
Payout at maturity:	Par unless any asset finishes below 60% trigger, in which case 1% loss for each 1% decline of worse performing asset
Call:	At par plus contingent coupon if each asset closes at or above initial level on any quarterly review date other than the first, second, third and final dates
Initial levels:	1,469.009 for Russell, $32.91 for oil ETF and 3,116.07 for Stoxx
Coupon barriers:	881.4054 for Russell, $19.746 for oil ETF and 1,869.642 for Stoxx, 60% of initial levels
Trigger levels:	881.4054 for Russell, $19.746 for oil ETF and 1,869.642 for Stoxx, 60% of initial levels
Pricing date:	Nov. 20
Settlement date:	Nov. 26
Agent:	J.P. Morgan Securities LLC
Fees:	3.8%
Cusip:	48130UN84

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