By Wendy Van Sickle
Columbus, Ohio, Aug. 13 – JPMorgan Chase Financial Co. LLC priced $2.45 million of 0% review notes due Aug. 12, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing 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 13.6% if the index closes at or above its initial level on any annual review date.
If the notes are not called, the payout at maturity will be par unless the index falls by more than 20%, in which case investors will be fully exposed to any losses.
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 index: | Euro Stoxx 50
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| Amount: | $2.45 million
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| Maturity: | Aug. 12, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If notes are not called and index finishes at or above 80% of initial level, par; otherwise, 1% loss for each 1% decline
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| Call: | At par plus 13.6% per year if index closes at or above initial level on any annual review date
|
| Initial level: | 3,504.37
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| Buffer level: | 2,803.496, 80% of initial level
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| Pricing date: | Aug. 7
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| Settlement date: | Aug. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48130UBP9
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