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JPMorgan will price review notes due 2022 tied to Euro Stoxx, Russell
By Devika Patel
Knoxville, Tenn., Feb. 8 – JPMorgan Chase Financial Co. LLC plans to sell 0% review notes due Feb. 22, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, 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 10% per year if each index closes at or above the applicable call level on any annual review date. The call level will be 100% of the initial level for the first three review dates and 70% of the initial level for the final review date. The exact call premium will be set at pricing.
If the notes are not called, investors will lose 1% for each 1% that the lesser-performing index’s final level is less than its initial level.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 46647MQJ5) will price on Feb. 16 and settle on Feb. 26.
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