By Sarah Lizee
Olympia, Wash., July 1 – JPMorgan Chase Financial Co. LLC priced $1.09 million of 0% review notes due Dec. 28, 2021 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 12.25% per year if each index closes at or above its call level on any semiannual call date. The call level for each index will be 95% of its initial for the first review date, 90% of its initial level for the second review date and 80% of its initial level for the final review date.
If the notes are not called, investors will lose 1.25% for each 1% that the lesser-performing index declines beyond 20%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Review notes
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $1,087,000
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| Maturity: | Dec. 28, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | 1.25% for each 1% that the lesser-performing index declines beyond the buffer
|
| Call: | Automatically at par plus call premium of 12.25% per year if each index closes at or above call level on a semiannual call date; call level for each index will be 95% of its initial for the first review date, 90% of its initial level for the second review date and 80% of its initial level for the final review date
|
| Initial levels: | 3,117.86 for S&P 500 and 1,433.527 for Russell 2000
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| Buffer levels: | 80% of initial levels
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| Pricing date: | June 23
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| Settlement date: | June 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.1%
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| Cusip: | 48132MA27
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