By Marisa Wong
Morgantown, W.Va., April 3 – JPMorgan Chase Financial Co. LLC priced $1.71 million of 0% review notes due March 28, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus a premium of 10.9% per year if each index closes at or above the applicable call level on any annual review date. The call level will be 100% of the initial level for the first three review dates and 70% of the initial level for the final review date.
If the notes are not called, investors will lose 1% for each 1% that the lesser-performing index’s final level is less than its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
|
| Underlying indexes: | Euro Stoxx 50, Russell 2000
|
| Amount: | $1,705,000
|
| Maturity: | March 28, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not called, 1% loss for each 1% that the lesser-performing index’s final level is less than its initial level
|
| Call: | At par plus a premium of 10.9% per year if each index closes at or above the applicable call level on any annual review date; call level will be 100% of the initial level for the first three review dates and 70% of the initial level for the final review date
|
| Initial levels: | 3,298.07 for Euro Stoxx and 1,510.083 for Russell
|
| Pricing date: | March 23
|
| Settlement date: | March 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48129HV95
|
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