New Issue: JPMorgan sells $9.85 million review notes tied to Russell 2000, S&P 500

By Susanna Moon

Chicago, Jan. 2 – JPMorgan Chase Financial Co. LLC priced $9.85 million of 0% review notes due Dec. 24, 2021 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 8% if each index closes at or above its initial level on any annual review date.

If the notes are not called, the payout at maturity will be par unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Review notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$9,849,000
Maturity:	Dec. 24, 2021
Coupon:	0%
Price:	Par
Call:	At par plus 8% per year if each index closes at or above initial level on any annual review date
Payout at maturity:	Par plus 10% unless either index finishes below trigger level, in which case 1% loss for each 1% decline of worse performing index
Initial index levels:	1,547.107 for Russell and 2,684.57 for S&P
Trigger levels:	1,082.9749 for Russell and 1,879.199 for S&P; 70% of initial levels
Pricing date:	Dec. 21
Settlement date:	Dec. 29
Agent:	J.P. Morgan Securities LLC
Fees:	2.25%
Cusip:	48129HRD1

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