By Kiku Steinfeld
Chicago, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $1.11 million of 0% review notes due Sept. 12, 2024 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 15.65% per year if the fund closes at or above its initial level on any annual call date.
If the notes are not called, meaning the fund has closed below its initial level, investors will lose 1% for each 1% that the fund declines from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
|
| Underlying fund: | VanEck Vectors Gold Miners ETF
|
| Amount: | $1,105,000
|
| Maturity: | Sept. 12, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not called, meaning the fund has closed below its initial level, 1% loss for each 1% that fund declines from initial level
|
| Call: | Automatically at par plus 15.65% per year if fund closes at or above its initial level on an annual call date
|
| Initial level: | $32.35
|
| Pricing date: | Sept. 7
|
| Settlement date: | Sept. 10
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132WPH6
|
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