New Issue: JPMorgan sells $750,000 five-year review notes on S&P 500, Russell

By Wendy Van Sickle

Columbus, Ohio, July 10 – JPMorgan Chase Financial Co. LLC priced $750,000 of 0% review notes due June 29, 2023 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 7.25% per year if each index closes at or above its initial level on any quarterly review date after a year.

If the notes are not called, the payout at maturity will be par unless either index finishes below its 50% trigger level, in which case investors will be fully exposed to the decline of the worse performing index.

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:	$750,000
Maturity:	June 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either index finishes below trigger level, in which case full exposure to decline of worse performing index
Call:	At par plus 7.25% per year if each index closes at or above initial level on any quarterly review date after one year
Initial levels:	2,717.07 for S&P, 1,657.51 for Russell
Trigger levels:	1,358.535 for S&P, 828.755 for Russell, 50% of initial levels
Pricing date:	June 25
Settlement date:	June 28
Agent:	J.P. Morgan Securities LLC
Fees:	0.6%
Cusip:	48129M2B1

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