New Issue: JPMorgan prices $1.12 million review notes on S&P 500, Russell 2000

By Marisa Wong

Madison, Wis., June 30 – JPMorgan Chase & Co. priced $1.12 million of 0% review notes due June 28, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 9% per year if each index closes at or above its initial level on July 7, 2016, June 26, 2017 or June 25, 2018.

If the notes are not called and the final level of each index is greater than or equal to its trigger value, 70% of its initial level, the payout at maturity will be par. Otherwise, investors will be full exposed to the decline of the lesser performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Review notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,118,000
Maturity:	June 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If notes are not called and each index finishes at or above trigger level, par; otherwise, full exposure to decline of lesser-performing index
Call:	Automatically at par plus 9% per year if each index closes at or above initial level on July 7, 2016, June 26, 2017 or June 25, 2018
Initial index levels:	2,102.31 for the S&P 500 and 1,283.281 for Russell 2000
Trigger levels:	1,471.617 for the S&P 500 and 898.2967 for Russell 2000; 70% of initial levels
Pricing date:	June 25
Settlement date:	June 30
Agent:	J.P. Morgan Securities LLC
Fees:	2.84146%
Cusip:	48125UWA6

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