JPMorgan plans four-year review notes linked to S&P 500, Russell 2000

By Susanna Moon

Chicago, Jan. 5 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Jan. 25, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will be called at par plus an annual call premium of 10% to 11% if each index closes at or above its initial level on an annual review date.

The payout at maturity will be par plus a contingent minimum return of 10% unless either index falls by more than 30%, in which case investors will be fully exposed to any losses of the performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 20 and settle on Jan. 27.

The Cusip number is 46646QTF2.

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