By Wendy Van Sickle
Columbus, Ohio, Feb. 6 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% review notes due Feb. 1, 2021 linked to the lesser performing of the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund and the VanEck Vectors Gold Miners ETF, according to a 424B2 filed 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 12.5% if each underlying closes at or above its initial level on either of the first two annual review date or above 70% of its initial level on the final review date.
If the notes are not called, investors will be fully exposed to the losses of the worse performing underlying.
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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| Underlyings: | SPDR S&P Oil & Gas Exploration & Production ETF and VanEck Vectors Gold Miners ETF
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| Amount: | $1.5 million
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| Maturity: | Feb. 1, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Investors will be fully exposed to the losses of the worse performing underlying if notes have not been called
|
| Call: | At par plus an annual call premium of 12.5% if each underlying closes at or above its initial level on either of the first two annual call dates or above 70% of its initial level on final review date
|
| Initial levels: | $39.06 for oil and gas and $24.35 for Gold Miners
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| Final call levels: | $27.342 for oil and gas and $17.045 for Gold Miners; 70% of initial levels
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| Pricing date: | Jan. 26
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| Settlement date: | Feb. 2
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
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| Cusip: | 48129HXH5
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