JPMorgan to price two-year review notes linked to Topix Banks index

By Marisa Wong

Morgantown, W.Va., Jan. 18 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Jan. 23, 2020 linked to the Topix Banks 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 an annual call premium of at least 11.6% if the 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 the index falls by more than 25%, in which case investors will be fully exposed to the decline.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 19.

The Cusip number is 48129HWY9.

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