New Issue: JPMorgan sells $1.48 million review notes on S&P, Russell, Nasdaq

By William Gullotti

Buffalo, N.Y., April 25 – JPMorgan Chase Financial Co. LLC priced $1.48 million of 0% review notes due April 24, 2025 linked to the lesser performing of the Russell 2000 index, the S&P 500 index and the Nasdaq-100 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 9.3% 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 unless any underlying index falls by more than 50%, 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 index, Russell 2000 index, Nasdaq-100 index
Amount:	$1,477,000
Maturity:	April 24, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If not called and each index finishes at or above trigger level, par; otherwise, 1% loss for each 1% decline of worst performing index from its initial level
Call:	At par plus 9.3% per year if each index closes at or above initial level on any annual review date
Initial levels:	4,462.21 for S&P, 2,030.765 for Russell, 14,210.26 for Nasdaq
Trigger levels:	2,231.105 for S&P, 1,015.3825 for Russell, 7,105.13 for Nasdaq; 50% of initial levels
Pricing date:	April 19
Settlement date:	April 22
Agent:	J.P. Morgan Securities LLC
Fees:	0.75%
Cusip:	48133FQQ1

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