By Susanna Moon
Chicago, Aug. 24 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% review notes due Aug. 20, 2020 linked to the worst performing of the common stocks of Microsoft Corp. and Alphabet Inc. and the VanEck Vectors Oil Services ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call premium of 10.3% per year if each underlying asset closes at or above its initial level on the first review date and its 60% trigger level on the final review date.
If the notes are not called, the payout will be par plus the return of the worst performing stock or fund with full exposure to any losses.
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 assets: | Microsoft Corp. (Symbol: MSFT), Alphabet Inc. (Symbol: GOOGL) and VanEck Vectors Oil Services ETF
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| Amount: | $10 million
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| Maturity: | Aug. 20, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus return of worst performing stock or fund with 1% loss for each 1% decline
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| Call: | At par plus 10.3% per year if each asset closes at or above initial level on first review date or 60% trigger on final review date
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| Initial levels: | $107.58 for Microsoft, $1,215.85 for Alphabet and $24.02 for oil fund
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| Trigger levels: | 60% of initial levels
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| Pricing date: | Aug. 17
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| Settlement date: | Aug. 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48130UDS1
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