JPMorgan plans review notes tied to oil & gas ETF, S&P 500 index

By Wendy Van Sickle

Columbus, Ohio, Oct. 14 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Oct. 29, 2020 linked to the S&P 500 index and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If each asset closes at or above its initial level on any annual review date, the notes will be automatically called at par plus a call premium of at least 16% per year. The exact call premium will be set at pricing.

If the notes have not been called and each asset finishes at or above its 60% trigger level, the payout at maturity will be par plus the contingent minimum return of 10%. Otherwise, the payout will be par plus the return of the lesser performing fund, with full exposure to losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 26 and settle on Nov. 2.

The Cusip number is 46646EW99.

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