JPMorgan plans to price review notes tied S&P, Russell, Dow

By Sarah Lizee

Olympia, Wash., Jan. 14 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Jan. 29, 2025 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 7% if each index closes at or above its applicable call level on any annual review date. The call level will be 95% of the initial level for each index.

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.

The notes will price on Jan. 24.

The Cusip number is 48132HPY2.

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