By Wendy Van Sickle
Columbus, Ohio, March 29 – JPMorgan Chase Financial Co. LLC priced $520,000 of 0% review notes due March 29, 2021 linked to the lesser performing of the Russell 2000 index and the Health Care Select Sector SPDR 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 premium of 10% a year if each underlier closes at or above its initial level on any annual review date.
The payout at maturity will be par plus 10% unless the final level of either underlier is less than its initial level by more than 30%, in which case investors will be fully exposed to the decline of the lesser-performing underlier.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Review notes
|
| Underliers: | Russell 2000 index and Health Care Select Sector SPDR fund
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| Amount: | $520,000
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| Maturity: | March 29, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 10% unless final level of either underlier is less than initial level by more than 30%, in which case full exposure to decline of lesser-performing underlier
|
| Call: | Automatically at par plus premium of 10% a year if each underlier closes at or above initial level on any annual review date
|
| Initial levels: | 1,354.642 for index and $74.29 for ETF
|
| Pricing date: | March 24
|
| Settlement date: | March 31
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.4%
|
| Cusip: | 46646QS55
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