New Issue: JPMorgan sells $844,000 review notes due 2024 linked to Stoxx, MSCI EM ETF

By Kiku Steinfeld

Chicago, Oct. 30 – JPMorgan Chase Financial Co. LLC priced $844,000 of 0% review notes Oct. 28, 2024 linked to the lesser performing of the iShares MSCI Emerging Markets ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 12.25% if each asset closes at or above 95% of its initial level on any annual review date.

If the notes are not called, the payout at maturity will be par unless either asset falls by more than 30%, in which case investors will be fully exposed to any losses of the worse performing index or fund.

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 assets:	Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF
Amount:	$844,000
Maturity:	Oct. 28, 2024
Coupon:	0%
Price:	Par
Call:	At par plus 12.25% per year if each asset closes at or above 95% of its initial level on any annual review date
Payout at maturity:	If each asset finishes at or above 70% trigger level, par; otherwise, 1% loss for each 1% decline of worse performing index or fund
Initial levels:	3,198.86 for index, $46.32 for fund
Trigger levels:	2,239.202 for index, $32.424 for fund; 70% of initial levels
Pricing date:	Oct. 23
Settlement date:	Oct. 28
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48132PLP7

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