New Issue: JPMorgan sells $2.99 million four-year review notes linked to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Nov. 29 – JPMorgan Chase Financial Co. LLC priced $2.99 million of 0% review notes due Nov. 26, 2021 linked to the least 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 call premium at an annual rate of 9.15% if each index closes at or above its initial level on any of four annual review dates.

If the notes are not called, the payout at maturity will be par unless either index closes below the 90% buffer level, in which case investors will have exposure to the loss of the laggard index beyond 10%.

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:	S&P 500, Russell 2000
Amount:	$2,992,000
Maturity:	Nov. 26, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either index finishes below buffer level, in which case 1% loss for each 1% decline of worst performing index beyond 10%
Call:	At par plus 9.15% per year if each index closes at or above initial level on any of four annual review dates
Initial index levels:	2,582.14 for S&P, 1,503.396 for Russell
Buffer levels:	90% of initial levels
Pricing date:	Nov. 20
Settlement date:	Nov. 24
Agent:	J.P. Morgan Securities LLC
Fees:	0.5%
Cusip:	48129HNE3

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