New Issue: JPMorgan prices $102,000 review notes linked to S&P 500, Russell 2000

By Jennifer Chiou

New York, Dec. 29 – JPMorgan Chase & Co. priced $102,000 of 0% review notes due Dec. 30, 2016 linked to the lesser 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 premium of 10.5% per year if each index closes at or above its initial level on any of the semiannual review dates beginning on July 2, 2015.

If the notes are not called and the final level of each index falls by up to 30%, the payout at maturity will be par. Otherwise, investors will share fully in any losses of the lesser-performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Review notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$102,000
Maturity:	Dec. 30, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each index falls by up to 30%, par; otherwise, exposure to losses of lesser-performing index
Call:	Automatically at par plus 10.5% per year if each index closes at or above initial level on any of the semiannual review dates beginning on July 2, 2015
Initial levels:	2,082.17 for S&P 500, 1,202.438 for Russell 2000
Pricing date:	Dec. 23
Settlement date:	Dec. 31
Agent:	J.P. Morgan Securities LLC
Fees:	0.25%
Cusip:	48127D2F4

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