New Issue: JPMorgan prices $1.11 million two-year review notes linked to S&P 500

By Susanna Moon

Chicago, Jan. 20 – JPMorgan Chase & Co. priced $1.11 million of 0% review notes due Jan. 18, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 12.2% per year if the index closes at or above its initial level on either of two annual review dates.

The payout at maturity will be par unless the index falls by more than 10%, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Review notes
Underlying index:	S&P 500
Amount:	$1.11 million
Maturity:	Jan. 18, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless index falls by more than 10%, in which case full exposure to any losses
Call:	At par plus 12.2% per year if index closes at or above initial level on Jan. 27, 2017 or Jan. 12, 2018
Initial level:	1,880.33
Contingent buffer:	10%
Pricing date:	Jan. 15
Settlement date:	Jan. 21
Agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48128GKB5

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