Published on 6/24/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.72 million review notes linked to three indexes
By Wendy Van Sickle
Columbus, Ohio, June 24 – JPMorgan Chase Financial Co. LLC priced $2.72 million of 0% review notes due June 24, 2024 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus a call premium of 9% per year if each index closes at or above its initial level on any annual review date, or at or above 65% of its initial level on the final review date.
If the notes are not called, investors will lose 1% for each 1% that the least-performing index finishes below its initial level.
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
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| Underlying indexes: | S&P 500, Russell 2000 and Dow Jones industrial average
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| Amount: | $2,717,000
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| Maturity: | June 24, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If notes are not called, investors will lose 1% for each 1% that the least-performing index finishes below its initial level
|
| Call: | Automatically at par plus call premium of 9% per year if each index closes at or above initial level on any annual review date or at or above 65% of its initial level on the final review date
|
| Initial levels: | 2,926.46 for S&P 500, 1,555.579 for Russell 2000 and 26,504.00 for Dow
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| Final call values: | 1,902.199 for S&P 500, 1,011.12635 for Russell 2000 and 17,227.6 for Dow, 65% of initial levels
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| Pricing date: | June 19
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| Settlement date: | June 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.125%
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| Cusip: | 48132CNQ2
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