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

By Susanna Moon

Chicago, April 11 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due May 16, 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 will be called at par plus an annual call premium of at least 11% if each stock 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 its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on April 20.

The Cusip number is 48129MJY3.

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