New Issue: JPMorgan prices $717,000 review notes linked to S&P 500, Russell 2000

By Susanna Moon

Chicago, Dec. 29 – JPMorgan Chase & Co. priced $717,000 of 0% review notes due Dec. 31, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 9.25% if each index closes at or above its initial level on any of three annual review dates.

The payout at maturity will be par unless either index finishes below its 70% trigger level, in which case the payout will be par plus the return of the worse performing index, with full exposure to losses.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Review notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$717,000
Maturity:	Dec. 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either index falls by more than 30%, in which case full exposure to any losses of worse performing index
Call:	At par plus 9.25% per year if each index closes at or above initial level on Jan. 4, 2017, Dec. 26, 2017 or Dec. 26, 2018
Initial levels:	2,064.29 for S&P, 1,152.817 for Russell
Trigger levels:	1,445.003 for S&P, 806.9719 for Russell; 70% of initial levels
Pricing date:	Dec. 23
Settlement date:	Dec. 31
Agent:	J.P. Morgan Securities LLC
Fees:	3.25%
Cusip:	48128GFA3

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