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Published on 7/3/2019 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $6 million review notes on Euro Stoxx, Russell 2000

By Wendy Van Sickle

Columbus, Ohio, July 3 – JPMorgan Chase Financial Co. LLC priced $6 million of 0% review notes due July 1, 2024 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 10.65% per year if each index closes at or above its initial level on any quarterly review date.

If the notes are not called, the payout at maturity will be par unless the lesser performing index falls by more than 40%, in which case investors will be fully exposed to the loss of the lesser performing index.

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:$6 million
Maturity:July 1, 2024
Coupon:0%
Price:Par
Payout at maturity:If the notes are not called, par unless the lesser performing index falls by more than 40%, in which case investors will be fully exposed to the loss of the lesser performing index
Call:At par plus a premium of 10.65% per year if each index closes at or above its initial level on any quarterly review date
Initial levels:3,442.95 for Euro Stoxx, 1,517.775 for Russell
Trigger levels:2,065.77 for Euro Stoxx, 910.655 for Russell, 60% of initial levels
Pricing date:June 26
Settlement date:June 28
Agent:J.P. Morgan Securities LLC
Fees:2.85%
Cusip:48132CXA6

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