JPMorgan plans review notes linked to MLP index, oil services ETF

By Angela McDaniels

Tacoma, Wash., Feb. 13 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Feb. 22, 2021 linked to the lesser performing of the Alerian MLP index and the VanEck Vectors Oil Services exchange-traded fund, 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 call premium if each underlier closes at or above its initial level on any annual review date. The call premium is expected to be at least 16% per year and will be set at pricing.

If the notes are not called and the final level of each underlier is greater than or equal to its trigger value, 70% of its initial level, the payout will be par plus 10%. Otherwise, investors will lose 1% for each 1% that the lesser-performing underlier finishes below its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price Feb. 17.

The Cusip number is 46646QC29.

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