By Wendy Van Sickle
Columbus, Ohio, April 11 – JPMorgan Chase Financial Co. LLC priced $7.42 million of 0% review notes due Oct. 8, 2019 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund 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 11.8% per year if each index closes at or above the initial level on any semiannual review date.
If the notes are not called, investors will receive plus the 7% contingent minimum return at maturity if the lesser performing asset falls by up to 20% and will lose 1.25% for each 1% that the lesser-performing asset falls by more than 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
|
| Underlying assets: | iShares MSCI EAFE exchange-traded fund, Russell 2000
|
| Amount: | $7,416,000
|
| Maturity: | Oct. 8, 2019
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not called, par plus 7% contingent minimum return if laggard asset falls by up to 20%; 1.25% loss for each 1% that the lesser-performing asset falls by more than 20%
|
| Call: | At par plus a premium of 11.8% per year if each asset closes at or above initial level on any semiannual review date
|
| Initial levels: | $69.16 for ETF, 1,512.155 for Russell
|
| Pricing date: | April 4
|
| Settlement date: | April 9
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.15%
|
| Cusip: | 48129MLN4
|
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