New Issue: JPMorgan sells $7.35 million four-year review notes on S&P 500, Russell

By Susanna Moon

Chicago, Dec. 13 – JPMorgan Chase Financial Co. LLC priced $7.35 million of 0% review notes due Dec. 19, 2022 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 9.2% if the index closes at or above initial level on any annual review date.

If the notes are not called, the payout at maturity will be par plus a contingent minimum return of 10% unless either index falls by more than 30%, in which case investors will be fully exposed to any losses 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:	$7,352,000
Maturity:	Dec. 19, 2022
Coupon:	0%
Price:	Par
Call:	At par plus 9.2% per year if index closes at or above initial level on any annual review date
Payout at maturity:	If each index finishes at or above 70% trigger level, par plus 10%; otherwise, 1% loss for each 1% decline of worse performing index
Initial levels:	2,649.93 for S&P, 1,488.279 for Russell
Barrier levels:	1,854.951 for S&P, 1,041.7953 for Russell; 70% of initial levels
Pricing date:	Nov. 21
Settlement date:	Nov. 29
Agent:	J.P. Morgan Securities LLC
Fees:	2.25%
Cusip:	48130UP25

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