JPMorgan plans five-year review notes with trigger tied to indexes

By Susanna Moon

Chicago, Jan. 24 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Feb. 14, 2023 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 7.2% if each index closes at or above its initial level on any of annual review date.

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

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Feb. 9 and settle on Feb. 14.

The Cusip number is 48129HXM4.

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