By Wendy Van Sickle
Columbus, Ohio, Feb. 9 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% review notes due Feb. 12, 2020 linked to the lesser performing of the Financial Select Sector SPDR fund and the Euro Stoxx Banks index, 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 15.35% if each underlying closes at or above its initial level on the first of two annual review dates or above 80% of its initial level on the final review date.
If the notes are not called, 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Review notes
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| Underlyings: | Financial Select Sector SPDR fund and the Euro Stoxx Bank index
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| Amount: | $10 million
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| Maturity: | Feb. 12, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Investors will be fully exposed to the losses of the worse performing underlying if notes have not been called
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| Call: | At par plus an annual call premium of 15.35% if each underlying closes at or above its initial level on first of two annual call dates or above 80% of its initial level on final review date
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| Initial levels: | $28.41 for ETF and 136.13 for index
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 48129H5P8
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