New Issue: JPMorgan sells $8.64 million four-year review notes on S&P 500, Russell

By Susanna Moon

Chicago, Sept. 28 – JPMorgan Chase Financial Co. LLC priced $8.64 million of 0% review notes due Sept. 26, 2019 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 are guaranteed by JPMorgan Chase & Co.

The notes will be called at par plus an annual call premium of 8% if each index closes at or above its initial level on any annual review date.

The payout will be par plus the contingent minimum return of 10% unless either underlying index finishes below its 70% trigger level, in which case investors will be fully exposed to the losses of the worse performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Review notes
Underlying indexes:	S&P 500 index and Russell 2000 index
Amount:	$8,644,000
Maturity:	Sept. 27, 2021
Coupon:	0%
Price:	Par
Call:	At par plus 8% per year if each index closes at or above initial level on any annual review date
Payout at maturity:	Par plus 10% unless either underlying index finishes below 70% trigger, in which case full exposure to losses of worse performing underlying index
Initial levels:	2,502.22 for S&P and 1,450.781 for Russell
Trigger levels:	1,751.554 for S&P and 1,015.5467 for Russell; 70% of initial levels
Pricing date:	Sept. 22
Settlement date:	Sept. 29
Agent:	J.P. Morgan Securities LLC
Fees:	2.5%
Cusip:	46647MW82

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