New Issue: JPMorgan sells $12.7 million review notes on Russell 2000 and S&P 500

By Devika Patel

Knoxville, Tenn., March 28 – JPMorgan Chase Financial Co. LLC priced $12.7 million of 0% review notes due March 29, 2021 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will be called at par plus an annualized call premium of 10% if each index closes above its initial level on March 30, 2018, March 25, 2019, March 24, 2020 or March 24, 2021.

If the notes are not called, the payout at maturity will be par plus 10% if each index finishes at or above 70% of its initial level. Otherwise, investors will lose 1% for each 1% decline of the worse performing index from its initial level.

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:	$12.7 million
Maturity:	March 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10% if each index finishes at or above 70% of its initial level, otherwise 1% loss for each 1% decline of worse performing index from its initial level
Call:	At par plus an annualized call premium of 10% if each index closes at or above its initial level on March 30, 2018, March 25, 2019, March 24, 2020 or March 24, 2021
Initial levels:	1,354.642 for Russell, 2,343.98 for S&P
Trigger levels:	948.2494 for Russell, 1,640.786 for S&P, 70% if initial levels
Pricing date:	March 24
Settlement date:	March 31
Agent:	J.P. Morgan Securities LLC
Fees:	2.275%
Cusip:	46646QL86

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