By Susanna Moon
Chicago, April 10 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% review notes due April 1, 2020 linked to the least performing of the common stocks of Wal-Mart Stores, Inc., FedEx Corp., Goldman Sachs Group, Inc. and Morgan Stanley, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 22.5% if each stock closes at or above its initial level on any annual review date.
The payout at maturity will be par unless any stock finishes below its 75% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.
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 stocks: | Wal-Mart Stores, Inc. (Symbol: WMT), FedEx Corp. (Symbol: FDX), Goldman Sachs Group, Inc. (Symbol: GS) and Morgan Stanley (Symbol: MS)
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| Amount: | $10 million
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| Maturity: | April 1, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par unless any stock closes below 75% trigger, in which case 1% loss for each 1% decline of worst performing stock
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| Call: | At par plus 22.5% per year if each stock closes at or above initial level on any annual review date
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| Initial levels: | $87.77 for Wal-Mart, $234.80 for FedEx, $249.37 for Goldman and $52.91 for Morgan Stanley
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| Trigger levels: | 75% of initial levels
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| Strike date: | March 28
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| Pricing date: | March 29
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| Settlement date: | April 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48129MJZ0
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