Published on 3/14/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $641,000 review notes linked to Russell, S&P, Dow
By Marisa Wong
Morgantown, W.Va., March 14 – JPMorgan Chase Financial Co. LLC priced $641,000 of 0% review notes due March 5, 2025 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, 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 an annual call premium of 10% if each index closes at or above the call level on any annual review date. The call level will be 100% of the initial level for the first five review dates and 80% of the initial level for the final review date.
If the notes are not called, the payout at maturity will be par plus the return of the least performing index with full exposure to losses.
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, Russell 2000 and Dow Jones industrial average
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| Amount: | $641,000
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| Maturity: | March 5, 2025
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 10% per year if each index closes at or above call level on any annual review date; call level is 100% of initial level for the first five review dates and 80% of initial level for the final review date
|
| Payout at maturity: | Par plus the return of the least performing index with full exposure to losses
|
| Initial levels: | 2,784.49 for S&P, 1,575.549 for Russell and 25,916.00 for Dow
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| Final call levels: | 2,227.592 for S&P, 1,260.4392 for Russell and 20,732.80 for Dow; 80% of initial levels
|
| Pricing date: | Feb. 28
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| Settlement date: | March 7
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48130WZK0
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