New Issue: JPMorgan sells $3.47 million review notes linked to Russell, S&P

By William Gullotti

Buffalo, N.Y., June 23 – JPMorgan Chase Financial Co. LLC priced $3.47 million of 0% review notes due Nov. 17, 2022 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 10% if each index closes at or above its initial level on any semiannual review date.

If the notes are not called, the payout at maturity will be par unless either underlying index falls by more than 20%, in which case investors will lose 1.25% for every 1% the worst performer declines beyond the buffer.

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 indexes:	Russell 2000 index, S&P 500 index
Amount:	$3.47 million
Maturity:	Nov. 17, 2022
Coupon:	0%
Price:	Par
Call:	At par plus 10% per year if each index closes at or above initial level on Nov. 15, 2021, May 13, 2022 or Nov. 14, 2022
Payout at maturity:	If not called and each index finishes at or above buffer level, par; otherwise, 1.25% loss for each 1% decline of worst performing index beyond 20%
Initial levels:	2,170.95 for Russell, 4,112.5 for S&P
Buffer levels:	80% of initial levels
Strike date:	May 13
Pricing date:	May 14
Settlement date:	May 19
Agent:	J.P. Morgan Securities LLC
Fees:	0.1%
Cusip:	48132TV86

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