By Marisa Wong
Morgantown, W.Va., Feb. 20 – JPMorgan Chase Financial Co. LLC priced $4.97 million of 0% review notes due Feb. 17, 2023 linked to the lesser performing of 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 premium of 10.75% per year if each index closes at or above its initial level on any quarterly review date.
If the notes are not called and each index finishes at or above its 60% trigger level, the payout will be par. Otherwise, investors will lose 1% for each 1% that the lesser-performing index’s final level is less than 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: | $4.97 million
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| Maturity: | Feb. 17, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above its trigger level, par; otherwise, 1% loss for each 1% that the lesser-performing index’s final level is less than its initial level
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| Call: | At par plus 10.75% per year if each index closes at or above initial level on any quarterly review date
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| Initial index levels: | 3,369.83 for Euro Stoxx and 1,522.096 for Russell
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| Trigger levels: | 2,021.898 for Euro Stoxx and 913.2576 for Russell; 60% of initial levels
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| Pricing date: | Feb. 14
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| Settlement date: | Feb. 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.85%
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| Cusip: | 48129H5T0
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