By Susanna Moon
Chicago, March 8 – JPMorgan Chase Financial Co. LLC priced $797,000 of 0% review notes due Feb. 28, 2019 linked to the lesser performing of the S&P 500 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 at par plus an annual call premium of 10.3% if each index closes at or above its initial level on either call date.
The payout will be par plus the contingent minimum return of 5% if each index finishes at or above its trigger level, which will be 70% of its initial level.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
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: | S&P 500 and Russell 2000
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| Amount: | $797,000
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| Maturity: | Feb. 28, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 5% unless either index finishes below 70% trigger level, in which case 1% loss per 1% decline of worse performing index
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| Call: | At par plus a call premium of 10.3% per year if each index closes at or above its initial level on March 2, 2018 or Feb. 25, 2019
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| Initial levels: | 2,367.34 for S&P and 1,394.525 for Russell
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| Trigger levels: | 1,657.138 for S&P and 976.1675 for Russell; 70% of initial levels
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| Pricing date: | Feb. 24
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| Settlement date: | March 1
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 46646QG25
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