JPMorgan plans four-year review notes with trigger tied to two funds

By Susanna Moon

Chicago, Feb. 14 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Feb. 22, 2022 linked to the least performing of the Financial Select Sector SPDR fund and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of at least 11.25% if each fund closes at or above its initial level on any of annual review date.

The payout at maturity will be par plus 10% unless either fund finishes below 70% trigger level, in which case investors will be fully exposed to the decline of the worse performing fund.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Feb. 16 and settle on Feb. 26.

The Cusip number is 48129H5L7.

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