New Issue: JPMorgan sells $1.25 million review notes linked to three indexes

By Marisa Wong

Morgantown, W.Va., Dec. 22 – JPMorgan Chase Financial Co. LLC priced $1.25 million of 0% review notes due Dec. 23, 2020 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 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 a call premium of 16% per year if each index closes at or above its initial level on any of annual review date.

If the notes are not called, the payout at maturity will be par unless any index finishes below 70% of its initial level, in which case investors will be fully exposed to the decline of the worst 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, Russell 2000, Euro Stoxx 50
Amount:	$1,245,000
Maturity:	Dec. 23, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any index finishes below trigger level, in which case 1% loss for each 1% decline of worst performing index
Call:	At par plus 16% per year if each index closes at or above initial level on any annual review date
Initial index levels:	2,690.16 for S&P, 1,548.925 for Russell, 3,609.42 for Euro Stoxx
Trigger levels:	1,883.112 for S&P, 1,084.2475 for Russell and 2,526.594 for Euro Stoxx; 70% of initial levels
Pricing date:	Dec. 18
Settlement date:	Dec. 21
Agent:	J.P. Morgan Securities LLC
Fees:	0.7%
Cusip:	48129HVZ7

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