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Published on 7/12/2019 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.01 million review notes linked to Russell 2000, S&P 500, Dow

By Wendy Van Sickle

Columbus, Ohio, July 12 – JPMorgan Chase Financial Co. LLC priced $1.01 million of 0% review notes due July 15, 2024 linked to the least performing of the Dow Jones industrial average, 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 5.15% per year if each index closes at or above its initial level on any of the first four annual review dates 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.

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.
Issue:Review notes
Underlying indexes:Dow Jones industrial average, Russell 2000 and S&P 500
Amount:$1,005,000
Maturity:July 15, 2024
Coupon:0%
Price:Par
Payout at maturity:1% loss for each 1% that least-performing index finishes below initial level
Call:Automatically at par plus call premium of 5.15% per year if each index closes at or above initial level on any of first four annual call review date or above 60% of initial level on final review date
Initial levels:26,860.2 for Dow, 1,565.046 for Russell 2000 and 2,993.07 for S&P 500
Trigger values:16,116.12 for Dow, 939.0276 for Russell 2000 and 1,795.842 for S&P 500, or 60% of initial level
Pricing date:July 10
Settlement date:July 17
Agent:J.P. Morgan Securities LLC
Fees:2%
Cusip:48132C4F7

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