JPMorgan plans review notes linked to Energy Select, SPDR S&P Oil

By Susanna Moon

Chicago, March 9 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due March 29, 2021 linked to the lesser performing of the Energy Select Sector SPDR fund 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 will be guaranteed by JPMorgan Chase & Co.

The notes will be called at par plus an annual call premium of 11.4% if each fund closes at or above its initial level on any of four annual call dates.

The payout will be par plus the contingent minimum return of 10% if each fund finishes at or above its trigger level, which will be 70% of its initial level.

Otherwise, investors will be fully exposed to any losses of the worse performing fund.

J.P. Morgan Securities LLC is the agent.

The notes will price on March 24 and settle on March 31.

The Cusip number is 46646QS89.

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