New Issue: JPMorgan sells $1.28 million five-year review notes on S&P, Russell

By Marisa Wong

Morgantown, W.Va., Dec. 18 – JPMorgan Chase Financial Co. LLC priced $1.28 million of 0% review notes due Dec. 19, 2022 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 guaranteed by JPMorgan Chase & Co.

The notes will be called at par plus a premium of 8% 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 level, 60% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index below its initial level.

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, Russell 2000
Amount:	$1,281,000
Maturity:	Dec. 19, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 15% unless either index finishes below trigger level, in which case 1% loss for each 1% decline of worst performing index
Call:	At par plus 8% per year if each index closes at or above initial level on any annual review date
Initial index levels:	2,652.01 for S&P 500 and 1,506.950 for Russell 2000
Trigger levels:	1,591.206 for S&P 500 and 904.17 for Russell 2000, 60% of initial levels
Pricing date:	Dec. 14
Settlement date:	Dec. 19
Agent:	J.P. Morgan Securities LLC
Fees:	0.4171%
Cusip:	48129HVA2

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