By William Gullotti
Buffalo, N.Y., Sept. 23 – JPMorgan Chase Financial Co. LLC priced $6.75 million of 0% review notes due July 5, 2024 linked to the lesser performing of the S&P 500 index 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 annualized call premium of 12.1% if each index closes at or above its initial level on any annual review date.
If the notes are not called prior to or at maturity, investors will be fully exposed to the decline of the worst performing index from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Review notes
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| Underlying indexes: | Euro Stoxx 50 index, S&P 500 index
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| Amount: | $6.75 million
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| Maturity: | July 5, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If not called prior to or at maturity, 1% loss for each 1% decline of worst performing index
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| Call: | At par plus 12.1% per year if each index closes at or above initial level on any annual review date
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| Initial levels: | 4,078.89 for Stoxx, 4,319.94 for S&P
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| Strike date: | July 1
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| Pricing date: | July 2
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| Settlement date: | July 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.1%
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| Cusip: | 48132UZA4
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