New Issue: JPMorgan sells $3.56 million four-year review notes on S&P 500, Russell

By Susanna Moon

Chicago, April 25 – JPMorgan Chase Financial Co. LLC priced $3.56 million of 0% review notes due May 16, 2022 linked to the worse 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 called at par plus a call premium of 11.7% per year 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 plus 10% unless either index finishes below 70% trigger level, in which case investors will be fully exposed to the decline of the worse performing index.

The notes are guaranteed by JPMorgan Chase & Co.

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:	$3,563,000
Maturity:	May 16, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10% unless either index finishes below trigger, in which case 1% loss for each 1% decline of worse performing index
Call:	At par plus 11.7% per year if each index closes at or above initial level on any annual review date beginning May 13, 2019
Initial levels:	2,670.14 for S&P, 1,564.124 for Russell
Trigger levels:	1,869.098 for S&P, 1,094.8868 for Russell, 70% of initial levels
Pricing date:	April 20
Settlement date:	April 27
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48129MJY3

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