By Wendy Van Sickle
Columbus, Ohio, Sept. 18 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% review notes due Sept. 10, 2020 linked to the worst performing of common stock of Morgan Stanley, the Euro Stoxx Banks index and the VanEck Vectors Oil Services 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 a call premium of 11.5% per year if each underlying closes at or above its initial value on the first annual review date or 60% of its initial level on the second annual review date.
If the notes are not called investors will be fully exposed to the decline in the worst performing underlying.
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: | Common stock of Morgan Stanley, Euro Stoxx Banks index and VanEck Vectors Oil Services ETF
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| Amount: | $10 million
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| Maturity: | Sept. 10, 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 performer with 1% loss for each 1% decline
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| Call: | At par plus 11.5% per year if each underlying closes at or above initial value on the first annual review date or 60% of its initial level on the second annual review date
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| Initial values: | $47.93 for stock, 105.56 for index and $23.38 for ETF
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| Trigger values: | $47.93 for stock, 105.56 for index and $23.38 for ETF, 60% of initial levels
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| Pricing date: | Sept. 6
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| Settlement date: | Sept. 11
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48130UKA2
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