New Issue: JPMorgan sells $2.83 million review notes due 2024 linked to Stoxx, MSCI EM ETF

By Taylor Fox

New York, Dec. 30 – JPMorgan Chase Financial Co. LLC priced $2.83 million of 0% review notes Dec. 23, 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 8.5% if each asset closes at or above 95% of its initial level on any annual review date.

The premium applicable to the maturity date is 34%.

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:	$2,825,000
Maturity:	Dec. 23, 2024
Coupon:	0%
Price:	Par
Call:	At par plus 8.5% per year if each asset closes at or above 95% of its initial level on any annual review date
Payout at maturity:	If not called and 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:	3,545.74 for index, $50.99 for fund
Trigger levels:	2,482.018 for index, $35.693 for fund; 70% of initial levels
Pricing date:	Dec. 18
Settlement date:	Dec. 23
Agent:	J.P. Morgan Securities LLC
Fees:	2%
Cusip:	48132P4Z4

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