By Susanna Moon
Chicago, Dec. 14 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% review notes due Dec. 5, 2019 linked to the least performing of the SPDR S&P Bank exchange-traded fund, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call premium at an annualized rate of 7.75% if each underlying component closes at or above its initial level on any review date or at or above its 75% call threshold on the final review date.
The payout at maturity will be par unless any component finishes below its 60% trigger level, in which case the payout will be par plus the return of the worst performing index or fund with full exposure to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
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 assets: | SPDR S&P Bank ETF, the Russell 2000 index and the Nasdaq-100 index
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| Amount: | $10 million
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| Maturity: | Dec. 5, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par unless any component finishes below trigger, in which case 1% loss for each 1% decline of worst performing index or fund
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| Call: | At par plus 7.75% annualized if each component closes at or above initial level on any review date or at or above 75% call threshold on final date
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| Initial index levels: | $47.45 for bank fund, 1,544.141 for Russell and 6,365.564 for Nasdaq
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| Trigger levels: | $28.47 for bank fund, 926.4846 for Russell and 3,819.3384 for Nasdaq; 60% of initial levels
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 48129HUE5
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