By Wendy Van Sickle
Columbus, Ohio, March 19 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% review notes due March 14, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 18.5% per year if the index closes at or above its initial level on any annual call date.
If the notes are not called, investors will lose 1% for each 1% that the index declines from initial.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Review notes
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Underlying indexes: | Euro Stoxx 50 index
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Amount: | $1 million
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Maturity: | March 14, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If notes are not called, 1% loss for each 1% that index declines from initial level
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Call: | Automatically at par plus call premium of 18.5% per year if index closes at or above initial level on an annual call date
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Strike value: | 2,905.56
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Strike date: | March 11
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Pricing date: | March 12
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Settlement date: | March 17
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48132KJX4
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