By Marisa Wong
Morgantown, W.Va., Aug. 28 – JPMorgan Chase Financial Co. LLC priced $825,000 of 0% review notes due Aug. 23, 2021 linked to the lesser performing of the Euro Stoxx Banks index and the Financial Select Sector SPDR 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 14.1% 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.
|
| Issue: | Review notes
|
| Underlyings: | Euro Stoxx Banks index, Financial Select Sector SPDR fund
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| Amount: | $825,000
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| Maturity: | Aug. 23, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| 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 14.1% if each underlying closes at or above its initial level on any of four annual call dates
|
| Initial levels: | 134.48 for index, $24.62 for fund
|
| Trigger levels: | 94.136 for index, $17.234 for fund; 70% of initial levels
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| Pricing date: | Aug. 18
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| Settlement date: | Aug. 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 46647MM75
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