New Issue: JPMorgan sells $1.09 million two-year review notes on S&P 500, Russell

By Wendy Van Sickle

Columbus, Ohio, June 7 – JPMorgan Chase Financial Co. LLC priced $1.09 million of 0% review notes due May 29, 2020 linked to the worse 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 of 9.7% per year if each index closes at or above its initial level on any semiannual review date.

If the notes are not called, the payout at maturity will be par unless either index finishes below 80% buffer level, in which case investors will lose 1.25% for each 1% decline of the worse performing index beyond the buffer.

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:	$1,087,000
Maturity:	May 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either index finishes below buffer level, in which case 1.25% loss for each 1% decline of worse performing index beyond the buffer
Call:	At par plus 9.7% per year if each index closes at or above initial level on any semiannual review date
Initial levels:	2,731.33 for S&P, 1,626.928 for Russell
Buffer levels:	80% of initial levels
Pricing date:	May 29
Settlement date:	June 1
Agent:	J.P. Morgan Securities LLC
Fees:	0.15%
Cusip:	48129MWE2

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