New Issue: JPMorgan prices $3.65 million review notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., March 21 – JPMorgan Chase & Co. priced $3.65 million of 0% review notes due March 21, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized premium of 8.7% per year if the index closes at or above its initial level on any of five semiannual review dates beginning March 31, 2017.

The payout at maturity will be par unless the index falls by more than 25%, in which case investors will lose 1% for every 1% drop below the initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Review notes
Underlying index:	S&P 500
Amount:	$3.65 million
Maturity:	March 21, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless the index falls by more than 25%, in which case full exposure to decline
Call:	At par plus an annualized premium of 8.7% if the index closes at or above its initial level on March 31, 2017, Sept. 18, 2017, March 19, 2018, Sept. 18, 2018 or March 18, 2019
Initial level:	2,040.59
Final level:	Average of index closing levels on five averaging dates ending March 18, 2019
Pricing date:	March 17
Settlement date:	March 22
Agent:	J.P. Morgan Securities LLC
Fees:	2%
Cusip:	48128GRP7

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