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JPMorgan plans review notes due 2021 linked to S&P 500, Russell
By Susanna Moon
Chicago, Oct. 25 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Nov. 4, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call premium of at least 7.75% per year if each index closes at or above its initial level on any annual review date.
If the notes are not called and each index finishes at or above its 50% trigger level, the payout at maturity will be par plus the contingent minimum return of 7%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
The notes will be guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Oct. 30 and settle on Nov. 2.
The Cusip number is 48129HHG5.
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