By Sarah Lizee
Olympia, Wash., June 24 – JPMorgan Chase Financial Co. LLC priced $5.93 million of 0% review notes due June 20, 2025 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 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 13% per year if each index closes at or above its initial level on any quarterly call date.
If the notes are not called, the payout at maturity will be par unless the final level of either index is less than its initial level by more than 30%, in which case investors will lose 1% for each 1% that the lesser-performing index declines.
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 indexes: | Euro Stoxx 50 index and Russell 2000
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| Amount: | $5,931,000
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| Maturity: | June 20, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par unless the final level of either index is less than its initial level by more than 30%, in which case investors will lose 1% for each 1% that the lesser-performing index declines
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| Call: | Automatically at par plus call premium of 13% per year if each index closes at or above initial level on any quarterly call date
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| Initial levels: | 3,267.26 for Stoxx, 1,426.531 for Russell
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| Buffer levels: | 70% of initial levels
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| Pricing date: | June 17
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| Settlement date: | June 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.85%
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| Cusip: | 48132MHG9
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