JPMorgan plans review notes due 2021 linked to S&P 500, Russell 2000

By Tali Rackner

Norfolk, Va., March 17 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due March 29, 2021 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 guaranteed by JPMorgan Chase & Co.

The notes will be called at par plus a call premium if each index closes at or above its initial level on any annual call date. The call premium is expected to be between 10% and 11% per year and will be set at pricing.

If the notes are not called and the final level of each index is greater than or equal to its trigger value, 70% of its initial level, the payout will be par plus the contingent minimum return of 10%.

Otherwise, investors will lose 1% for each 1% that the lesser-performing index finishes below its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price on March 24 and settle on March 31.

The Cusip number is 46646QL86.

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