By Susanna Moon
Chicago, Nov. 22 – JPMorgan Chase Financial Co. LLC priced $1.35 million of 0% review notes due Nov. 21, 2019 linked to the lesser performing of the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an annualized call premium of 12.2% if the fund closes at or above its initial level on any annual review date.
The payout at maturity will be par plus a contingent minimum return of 10% unless the fund finishes below the 50% trigger level, in which case investors will be fully exposed to any losses.
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 fund: | VanEck Vectors Gold Miners ETF
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| Amount: | $1.35 million
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| Maturity: | Nov. 21, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 10% unless fund falls by more than 50%, in which case full exposure to any losses
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| Call: | At par plus 12.2% per year if fund closes at or above initial level on Nov. 27, 2017, Nov. 19, 2018 or Nov. 18, 2019
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| Initial level: | $21.05
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| Trigger level: | $10.525, 50% of initial level
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| Pricing date: | Nov. 18
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| Settlement date: | Nov. 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 46646QAW5
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