New Issue: JPMorgan sells $10 million two-year review notes tied to fund, stocks

By Susanna Moon

Chicago, April 19 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% review notes due April 15, 2020 linked to the least performing of the class A common assets of Facebook, Inc. and Alphabet, Inc. and the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 16.05% if each asset closes at or above its initial level on either annual review date.

The payout at maturity will be par unless any asset finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worst performing asset.

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:	Review notes
Underlying assets:	Facebook, Inc. (Symbol: FB), Alphabet, Inc. (Symbol: GOOGL) and SPDR S&P Regional Banking ETF
Amount:	$10 million
Maturity:	April 15, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any asset closes below 70% trigger, in which case 1% loss for each 1% decline of worst performing asset
Call:	At par plus 16.05% per year if each asset closes at or above initial level on April 23, 2019 or April 9, 2020
Initial levels:	$163.87 for Facebook, $1,037.29 for Alphabet and $61.30 for bank fund
Trigger levels:	70% of initial levels
Strike date:	April 12
Pricing date:	April 13
Settlement date:	April 18
Agent:	J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	48129MMZ6

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