Published on 6/4/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.63 million review notes linked to three indexes
By Sarah Lizee
Olympia, Wash., June 4 – JPMorgan Chase Financial Co. LLC priced $1.63 million of 0% review notes due June 4, 2025 linked to the least performing of the S&P 500 index, the Russell 2000 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 automatically called at par plus a call premium of 7.75% per year if each index closes at or above its initial level on any annual review date, or at or above 60% of its initial level on the final review date.
If the notes are not called, investors will lose 1% for each 1% that the least-performing index finishes below its initial level.
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
|
| Underlying indexes: | S&P 500, Russell 2000 and Dow Jones industrial average
|
| Amount: | $1.63 million
|
| Maturity: | June 4, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not called, investors will lose 1% for each 1% that the least-performing index finishes below its initial level
|
| Call: | Automatically at par plus call premium of 7.75% per year if each index closes at or above initial level on any annual review date or at or above 60% of its initial level on the final review date
|
| Initial levels: | 2,788.86 for S&P 500, 1,485.531 for Russell 2000 and 25,169.88 for Dow
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| Final call values: | 1,673.316 for S&P 500, 891.3186 for Russell 2000 and 15,101.928 for Dow, 60% of initial levels
|
| Pricing date: | May 30
|
| Settlement date: | June 6
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48132CMN0
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