New Issue: JPMorgan prices $1.54 million review notes linked to S&P 500, Russell

By Wendy Van Sickle

Columbus, Ohio, March 30 – JPMorgan Chase & Co. priced $1.54 million of review notes due March 29, 2019 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 automatically called at par plus a call premium of 10% per year if each index closes at or above its initial level on any annual call review date.

If the notes are not called, the payout at maturity will be par plus 10% if each index closes at or above 65% of its initial level. If either index drops below the 65% trigger level, investors will be fully exposed to the loss of the worse 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:	$1,539,000
Maturity:	March 29, 2019
Coupon:	0%
Price:	Par
Call:	At par plus an annualized premium of 10% if each index closes at or above its initial level on any annual review date
Payout at maturity:	Par plus 10% unless either index closes below trigger level, in which case full exposure to loss of worse performing index
Initial levels:	2,037.05 for S&P, 1,080.231 for Russell
Trigger levels:	1,324.0825 for S&P, 702.15015 for Russell, 65% of initial levels
Pricing date:	March 28
Settlement date:	March 31
Agent:	J.P. Morgan Securities LLC
Fees:	2.80166%
Cusip:	48128GPY0

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