JPMorgan to price notes linked to S&P, Russell, Dow industrials

By Angela McDaniels

Tacoma, Wash., Nov. 18 – JPMorgan Chase Financial Co. LLC plans to price 0% notes due Nov. 30, 2022 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of each index is greater than its initial level, the payout at maturity will be par plus at least 100% of the least-performing index’s return. The exact participation rate will be set at pricing.

If the final level of one or more indexes is greater than its initial level and the final level of the other index or indexes is equal to or less than its initial level or if the final level of each index is equal to or less than its initial level, investors will be exposed to the decline of the least-performing index, subject to a minimum payment of $900 per $1,000 principal amount of notes.

The notes will be guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price Nov. 27.

The Cusip number is 48132F7M2.

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