By Wendy Van Sickle
Columbus, Ohio, Oct. 16 – JPMorgan Chase Financial Co. LLC priced $300,000 of 0% review notes due Oct. 10, 2024 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus a call premium if each index closes at or above its initial level on any of five annual review dates. The call premium 15.75% per year.
If the notes are not called and the final level of each index is greater than or equal to its trigger value, 70% of its initial level, the payout will be par. Otherwise, investors will lose 1% for each 1% that the lesser-performing index finishes below its initial level.
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 indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $300,000
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| Maturity: | Oct. 10, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par if final level of each index is greater than or equal to trigger value; otherwise, 1% loss for each 1% that lesser-performing index finishes below initial level
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| Call: | Automatically at par plus call premium of 15.75% per year if each index closes at or above initial level on any annual call date
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| Initial levels: | 1,497.787 for Russell 2000 and 3,471.24 for Euro Stoxx 50
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| Trigger values: | 898.6722 for Russell 2000 and 2,082.744 for Euro Stoxx 50, or 60% of initial levels
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| Pricing date: | Oct. 7
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| Settlement date: | Oct. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48132FXA9
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