By Wendy Van Sickle
Columbus, Ohio, Aug. 22 – JPMorgan Chase Financial Co. LLC priced $1.03 million of 0% review notes due Sept. 24, 2020 linked to the WTI Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 12.4% per year if the commodity price closes at or above its initial level on any of the first four quarterly review dates above 70% of its initial level on the final review date.
If the notes are not called, investors will lose 1% for each 1% decline in the commodity price.
The notes are guaranteed by JPMorgan Chase & Co.
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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| Underlying commodity: | WTI Crude Oil Futures Contract
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| Amount: | $1.03 million
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| Maturity: | Sept. 4, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If notes are not called, full exposure to decline in commodity price
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| Call: | Automatically at par plus call premium of 12.4% per year if commodity price closes above initial price on any of first four quarterly review dates or 70% of initial price on final review date
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| Initial levels: | $54.87
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| Final oil price: | Average of contract prices on five trading days ending Aug. 31, 2020
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| Pricing date: | Aug. 16
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| Settlement date: | Aug. 21
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48130URS5
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