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Published on 9/24/2020 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.21 million review notes linked to Stoxx, ETF

By Wendy Van Sickle

Columbus, Ohio, Sept. 24 – JPMorgan Chase Financial Co. LLC priced $1.21 million of 0% review notes due Sept. 23, 2024 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium of 10.25% per year if each asset closes at or above 95% of its initial level on any annual call date.

If the notes are not called, the payout at maturity will be par unless the final level of either asset is less than its initial level by more than 30%, in which case investors will lose 1% for each 1% that the lesser-performing asset declines.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Review notes
Underlying assets:Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF
Amount:$1,207,000
Maturity:Sept. 23, 2024
Coupon:0%
Price:Par
Payout at maturity:Par unless the final level of either asset is less than its initial level by more than 30%, in which case investors will lose 1% for each 1% that the lesser-performing asset declines
Call:Automatically at par plus call premium of 10.25% per year if each asset closes at or above 95% of initial level on any annual call date
Initial levels:3,283.69 for Stoxx, $44.52 for fund
Buffer levels:2,298.583 for Stoxx, $31.164 for fund, 70% of initial levels
Pricing date:Sept. 18
Settlement date:Sept. 23
Agent:J.P. Morgan Securities LLC
Fees:0%
Cusip:48132MS93

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