By Marisa Wong
Morgantown, W.Va., Dec. 18 – JPMorgan Chase Financial Co. LLC priced $5.49 million of 0% review notes due June 11, 2020 linked to the Euro Stoxx 50 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 call premium of 8% per year if the index closes at or above its initial level on any semiannual review date beginning Dec. 14, 2018.
If the notes are not called, the payout at maturity will be par unless the index falls by more than 20%, in which case investors will lose 1.25% for every 1% decline beyond 20%.
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 index: | Euro Stoxx 50
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| Amount: | $5.49 million
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| Maturity: | June 11, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par unless the index falls by more than 20%, in which case 1.25% loss for every 1% decline beyond 20%
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| Call: | At par plus 8% per year if index closes at or above initial level on any semiannual review date beginning Dec. 14, 2018
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| Initial index level: | 3,591.45
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.25%
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| Cusip: | 48129HVB0
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