JPMorgan plans four-year review notes tied to S&P 500, Russell 2000

By Susanna Moon

Chicago, May 8 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due June 15, 2022 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 an annual call premium of at least 11.25% if each index closes at or above its initial level on any annual review date.

If the notes are not called, the payout at maturity will be par plus 10% unless either index finishes below its 70% trigger level, in which case the payout will be par plus the return of the worse performing index with full exposure to any losses.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 18.

The Cusip number is 48129MNP7.

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