By Marisa Wong
Morgantown, W.Va., Sept. 6 – JPMorgan Chase Financial Co. LLC priced $1.03 million of 0% review notes due Aug. 29, 2022 linked to the worse performing of the Dow Jones industrial average and the iShares MSCI Brazil exchange-traded fund, 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 a call premium of 17.25% per year if each underlying closes at or above its initial value on any annual review date.
If the notes are not called and each underlying finishes at or above its 60% trigger value, the payout at maturity will be par plus the contingent minimum return of 10%.
Otherwise, investors will be fully exposed to the decline in the worse performing underlying.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
|
| Underlyings: | Dow Jones industrial average and iShares MSCI Brazil ETF
|
| Amount: | $1,027,000
|
| Maturity: | Sept. 16, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 10% unless either underlying finishes below trigger value, in which case par plus return of worse performer with 1% loss for each 1% decline
|
| Call: | At par plus 17.25% per year if each underlying closes at or above initial value on any annual review date
|
| Initial values: | 25,790.35 for index and $31.97 for ETF
|
| Trigger values: | 15,474.21 for index and $19.182 for ETF
|
| Pricing date: | Aug. 24
|
| Settlement date: | Aug. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48130UCZ6
|
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