By Marisa Wong
Morgantown, W.Va., Feb. 26 – JPMorgan Chase Financial Co. LLC priced $555,000 of 0% review notes due Feb. 22, 2022 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 10.5% per year if each index closes at or above the applicable call level on any annual review date. The call level will be 100% of the initial level for the first three review dates and 70% of the initial level for the final review date.
If the notes are not called, 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, Russell 2000
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Amount: | $555,000
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Maturity: | Feb. 22, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If notes are not called, 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 a premium of 10.5% per year if each index closes at or above the applicable call level on any annual review date; call level will be 100% of the initial level for the first three review dates and 70% of the initial level for the final review date
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Initial levels: | 3,426.80 for Euro Stoxx, 1,543.551 for Russell
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Pricing date: | Feb. 16
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Settlement date: | Feb. 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 46647MQJ5
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