JPMorgan plans to price review notes due 2025 tied to three indexes

By Sarah Lizee

Olympia, Wash., June 26 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due July 3, 2025 linked to the least 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 guaranteed by JPMorgan Chase & Co.

The notes will be called at par plus a premium of at least 7% per year if each index closes at or above its call value on any annual review date beginning July 6, 2020. The call value for each index will be its initial level for the first through fifth review dates, then 60% of its initial level for the final review date.

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

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48132CXE8) are expected to price on June 28.

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