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JPMorgan plans six-year annual review notes tied to S&P, Dow, Russell
By Susanna Moon
Chicago, July 10 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due July 29, 2024 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call premium of 10.25% annualized if each index closes at or above initial level on any annual call observation date or above its 70% threshold on the final review date.
If the notes are not called, the payout at maturity will be par plus the return of the worst performing index with full exposure to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 24.
The Cusip number is 48129MG75.
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