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Published on 11/7/2018 in the Prospect News Structured Products Daily.

JPMorgan to price six-year review notes linked to Russell, S&P, Dow

By Sarah Lizee

Olympia, Wash., Nov. 7 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Dec. 4, 2024 linked to the worst 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 at least 12.3% 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 any underlying index finishes below 70% trigger 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 Nov. 29 and settle on Dec. 6.

The Cusip number is 48130WBS9.


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