New Issue: JPMorgan sells $701,000 review notes linked to S&P 500, Russell 2000

By Wendy Van Sickle

Columbus, Ohio, April 28 – JPMorgan Chase & Co. priced $701,000 of 0% review notes due April 30, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 10.5% per year if each index closes at or above its initial level on any annual review date.

If the notes are not called and the final level of each index is greater than or equal to its trigger value, 65% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% that the lesser-performing index's final level is less than its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Review notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$701,000
Maturity:	April 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either index falls by more than 35%, in which case full exposure to any losses of worse performing index
Call:	At par plus 10.5% per year if each index closes at or above initial level on April 26, 2017, April 26, 2018, April 26, 2019 or April 27, 2020
Initial level:	2,091.70 for S&P, 1,150.728 for Russell
Trigger levels:	1,359.605 for S&P, 747.9732 for Russell; 65% of initial levels
Pricing date:	April 26
Settlement date:	April 29
Agent:	J.P. Morgan Securities LLC
Fees:	2.53994%
Cusip:	48128GVY3

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