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JPMorgan aims to sell review notes due 2022 linked to Euro Stoxx, S&P
By Devika Patel
Knoxville, Tenn., March 27 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due April 1, 2022 linked to the lesser performing of the Euro Stoxx index and the S&P 500 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 4.75% per semiannual period if each index closes at or above its initial level on any review date beginning on Sept. 26, 2017.
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 at maturity will be par. Otherwise, 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: 46646QY90) will price on March 29 and settle on March 31.
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