Published on 10/10/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $311,000 review notes linked to Russell, Euro Stoxx
Chicago, Oct. 10 – JPMorgan Chase Financial Co. LLC priced $311,000 of 0% review notes due Sept. 25, 2023 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus a call premium if each index closes at or above 90% of its initial level on any of four annual review dates. The call premium 9.55% per year.
If the notes are not called and the final level of each index is greater than or equal to its trigger value, 70% of its initial level, the payout will be par. Otherwise, investors will lose 1% for each 1% that the lesser-performing index finishes below its initial level.
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 indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $311,000
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| Maturity: | Sept. 25, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par if final level of each index is greater than or equal to trigger value; otherwise, 1% loss for each 1% that lesser-performing index finishes below initial level
|
| Call: | Automatically at par plus call premium of 9.55% per year if each index closes at or above call value, 90% of initial level, on Sept. 29, 2020, Sept. 20, 2021, Sept. 20, 2022 or Sept. 20, 2023
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| Initial levels: | 1,559.765 for Russell 2000 and 3,571.39 for Euro Stoxx 50
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| Trigger values: | 1,091.8355 for Russell 2000 and 2,499.973 for Euro Stoxx 50, or 70% of initial levels
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| Pricing date: | Sept. 20
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| Settlement date: | Sept. 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
|
| Cusip: | 48132FFB7
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