New Issue: JPMorgan sells $75,000 review notes linked to S&P 500, Russell

By Tali Rackner

Norfolk, Va., Jan. 30 – JPMorgan Chase Financial Co. LLC priced $75,000 of 0% review notes due Jan. 29, 2021 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 are guaranteed by JPMorgan Chase & Co.

The notes will be called at par plus an annualized call premium of 10% per year if each index closes 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 finishes at or above 70% of its initial level. If either index finishes below the 70% trigger level, investors will lose 1% for each 1% decline of the lesser-performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Review notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$75,000
Maturity:	Jan. 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10% if each index finishes at or above 70% of its initial level, otherwise 1% loss for each 1% decline of the lesser-performing index
Call:	At par plus an annualized premium of 10% if each index closes at or above its initial level on any annual review date
Initial levels:	2,296.68 for S&P, 1,375.595 for Russell
Trigger levels:	1,607.676 for S&P, 962.9165 for Russell, 70% of initial levels
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	J.P. Morgan Securities LLC
Fees:	2.5%
Cusip:	46646QSX4

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