New Issue: JPMorgan sells $830,000 six-year review notes tied to S&P, Russell, Dow

By Susanna Moon

Chicago, Jan. 2 – JPMorgan Chase Financial Co. LLC priced $830,000 of 0% review notes due Dec. 19, 2024 linked to the lesser performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 10.45% 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 unless any underlying index falls by more than 30%, in which case investors will be fully exposed to any losses of the worst 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 and Dow Jones industrial average
Amount:	$830,000
Maturity:	Dec. 19, 2024
Coupon:	0%
Price:	Par
Call:	At par plus 10.45% 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; otherwise, 1% loss for each 1% decline of worst performing index
Initial levels:	2,599.95 for S&P, 1,410.813 for Russell and 24,100.51 for Dow
Barrier levels:	1,819.965 for S&P, 987.5691 for Russell and 16,870.357 for Dow; 70% of initial levels
Pricing date:	Dec. 14
Settlement date:	Dec. 21
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48130WKP5

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