JPMorgan to sell review notes due 2022 linked to Euro Stoxx, Russell

By Devika Patel

Knoxville, Tenn., April 18 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due May 16, 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 will be guaranteed by JPMorgan Chase & Co.

The notes will be called quarterly at par plus a premium of at least 11.5% per year if each index closes at or above its initial level on any review date other than the final one beginning on May 13, 2019. If each index closes at or above 70% of its initial level for the final review date, the notes will be called at par plus a premium of at least 46%. The exact call premiums will be set at pricing.

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.

The notes (Cusip: 48129MKN5) will price on April 20 and settle on April 27.

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