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Published on 10/17/2019 in the Prospect News Structured Products Daily.

JPMorgan to price review notes linked to three indexes

By Sarah Lizee

Olympia, Wash., Oct. 17 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Oct. 23, 2024 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium of 8% per year if each index closes at or above its call value, 92% of its initial level, on any of five annual review dates.

If the notes are not called and the final level of each index is greater than or equal to its trigger value, 70% of its initial level, the payout will be par. Otherwise, investors will lose 1% for each 1% that the least-performing index finishes below its initial level.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 18.

The Cusip number is 48132FPA8.


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