New Issue: JPMorgan prices $523,000 review notes linked to Russell 2000, S&P 500

By Sarah Lizee

Olympia, Wash., Nov. 27 – JPMorgan Chase Financial Co. LLC priced $523,000 of 0% review notes due Nov. 20, 2023 linked to the lesser 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 automatically called at par plus a call premium of 10% per year if each index closes at or above its initial level on any annual call date.

The payout at maturity will be par plus 10% unless the final level of either index is less than its initial level by more than 30%, in which case investors will lose 1% for each 1% that the lesser-performing index declines from initial.

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:	Russell 2000 and S&P 500
Amount:	$523,000
Maturity:	Nov. 20, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10% unless final level of either index is less than initial level by more than 30%, in which case 1% loss for each 1% that lesser-performing index declines from initial level
Call:	Automatically at par plus call premium of 8% per year if each index closes at or above initial level on an annual call date
Initial levels:	3,120.46 for S&P 500 and 1,596.454 for Russell 2000
Trigger levels:	2,184.322 for S&P 500 and 1,117.5178 for Russell 2000; 70% of initial levels
Pricing date:	Nov. 15
Settlement date:	Nov. 22
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48132FN51

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