New Issue: JPMorgan sells $4.08 million review notes tied to S&P 500, Russell 2000

By Marisa Wong

Morgantown, W.Va., Feb. 26 – JPMorgan Chase Financial Co. LLC priced $4.08 million of 0% review notes due Feb. 22, 2022 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 are guaranteed by JPMorgan Chase & Co.

The notes will be called at par plus a call premium of 10.25% per year 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 plus 10% unless either index finishes below 70% of its initial level, in which case investors will be fully exposed to the decline of the worse performing index.

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, Russell 2000
Amount:	$4,082,000
Maturity:	Feb. 22, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10% unless either index finishes below trigger value, in which case 1% loss for each 1% decline of worse performing index
Call:	At par plus 10.25% per year if each index closes at or above initial level on any annual review date
Initial levels:	2,732.22 for S&P, 1,543.551 for Russell
Trigger values:	1,912.554 for S&P, 1,080.4857 for Russell; 70% of initial levels
Pricing date:	Feb. 16
Settlement date:	Feb. 26
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	46647MQC0

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