By Marisa Wong
Morgantown, W.Va., July 27 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% review notes due July 26, 2021 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an annual call premium of 11.25% if each underlying closes at or above its initial level on any of four annual call dates.
The payout will be par plus the contingent minimum return of 10% unless either underlying finishes below its 70% trigger level, in which case investors will be fully exposed to the losses of the worse performing underlying.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Review notes
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| Underlyings: | Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF
|
| Amount: | $500,000
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| Maturity: | July 26, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus the contingent minimum return of 10% unless either underlying finishes below its 70% trigger level, in which case investors will be fully exposed to the losses of the worse performing underlying
|
| Call: | At par plus an annual call premium of 11.25% if each underlying closes at or above its initial level on any of four annual call dates
|
| Initial levels: | 3,451.71 for index and $43.63 for ETF
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| Trigger levels: | 2,416.197 for index and $30.541 for ETF; 70% of initial levels
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| Pricing date: | July 21
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| Settlement date: | July 28
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 46647MXS7
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