New Issue: JPMorgan prices $543,000 review notes tied to S&P 500, Russell 2000

By Jennifer Chiou

New York, Dec. 29 – JPMorgan Chase & Co. priced $543,000 of 0% review notes due Dec. 29, 2017 linked to the lesser 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 premium of 9% per year if each index closes at or above its initial level on any of the annual review dates beginning on Jan. 4, 2016.

If the notes are not called and the final level of each index falls by up to 25%, the payout at maturity will be par. Otherwise, investors will share fully in any losses of the lesser-performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Review notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$543,000
Maturity:	Dec. 29, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each index falls by up to 25%, par; otherwise, exposure to losses of lesser-performing index
Call:	Automatically at par plus 9% per year if each index closes at or above initial level on any of the annual review dates beginning on Jan. 4, 2016
Initial levels:	2,082.17 for S&P 500, 1,202.438 for Russell 2000
Pricing date:	Dec. 23
Settlement date:	Dec. 31
Agent:	J.P. Morgan Securities LLC
Fees:	3.061%
Cusip:	48127D2C1

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