New Issue: JPMorgan sells $197,000 review notes due 2023 linked to index, ETF

By Sarah Lizee

Olympia, Wash., April 22 – JPMorgan Chase Financial Co. LLC priced $197,000 of 0% review notes due May 10, 2023 linked to the lesser performing of the iShares MSCI Emerging Markets ETF and the Euro Stoxx 50 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 11.25% if each asset closes at or above 90% of its initial level on any annual review date.

If the notes are not called, the payout at maturity will be par unless either asset falls by more than 30%, in which case investors will be fully exposed to any losses of the worse performing index or fund.

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 assets:	Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF
Amount:	$197,000
Maturity:	May 10, 2023
Coupon:	0%
Price:	Par
Call:	At par plus 11.25% per year if each asset closes at or above 90% of its initial level on any annual review date
Payout at maturity:	If each asset finishes at or above 70% trigger level, par; otherwise, 1% loss for each 1% decline of worse performing index or fund
Initial levels:	3,499.23 for S&P, $44.56 for fund
Barrier levels:	2,449.461 for S&P, $31.192 for fund; 70% of initial levels
Pricing date:	April 18
Settlement date:	April 26
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48130WQ46

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