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Published on 12/12/2018 in the Prospect News Structured Products Daily.

JPMorgan to price six-year review notes linked to Russell, S&P, Dow

By Sarah Lizee

Olympia, Wash., Dec. 12 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Dec. 19, 2024 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Dow Jones Industrial Average, 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 10% if each index closes at or above its initial level on any of the first five annual review dates and at or above 70% of the initial level on the final review date.

If the notes are not called, the payout at maturity will be par plus the least performing index return, with full exposure to the decline.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Dec. 14 and settle on Dec. 21.

The Cusip number is 48130WKP5.


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