By Devika Patel
Knoxville, Tenn., April 13 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% review notes due April 15, 2027 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus a quarterly call premium of 2.25% if each index closes above its initial level on any quarterly review date.
If the notes are not called, the payout at maturity will be par if each index finishes at or above 50% of its initial level. Otherwise, investors will lose 1% for each 1% decline of the worse performing index from its initial level.
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 and Russell 2000
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| Amount: | $2 million
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| Maturity: | April 15, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par if each index finishes at or above 50% of its initial level, otherwise 1% loss for each 1% decline of worse performing index from its initial level
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| Call: | At par plus a quarterly call premium of 2.25% if each index closes at or above its initial level on any quarterly review date
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| Initial levels: | 3,470.04 for Stoxx, 1,376.946 for Russell
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| Trigger levels: | 1,735.02 for Stoxx, 688.473 for Russell, 50% if initial levels
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| Pricing date: | April 11
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| Settlement date: | April 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.35%
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| Cusip: | 46646Q5K7
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