New Issue: JPMorgan prices $1.74 million callable contingent interest notes tied to Russell 2000

By Toni Weeks

San Luis Obispo, Calif., Feb. 26 – JPMorgan Chase & Co. priced $1.74 million of callable contingent interest notes due Feb. 24, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 7% if the index closes at or above its barrier level, 65% of its initial level, on the review date for that quarter.

The notes are callable at par on any interest payment date other than the first, second, third and final dates.

If the notes have not been called, the payout at maturity will be par unless the index finishes below its trigger level, 50% of the initial level, in which case investors will be fully exposed to losses.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Callable contingent interest notes
Underlying index:	Russell 2000
Amount:	$1,739,000
Maturity:	Feb. 24, 2025
Coupon:	Notes pay quarterly contingent coupon at annual rate of 7% if index closes at or above barrier level on review date for that quarter
Price:	Par
Payout at maturity:	Par plus final coupon, if any, unless final index level is less than trigger level, in which case full exposure to losses
Call:	Callable at par on any quarterly interest payment date other than first, second, third and final dates
Initial level:	1,233.975
Barrier level:	802.08375, 65% of initial level
Trigger level:	616.9875, 50% of initial level
Pricing date:	Feb. 24
Settlement date:	Feb. 27
Agent:	J.P. Morgan Securities LLC
Fees:	3.5%
Cusip:	48125UCA8

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