JPMorgan to price review notes linked to SPDR S&P Oil, Euro Stoxx 50

By Devika Patel

Knoxville, Tenn., Sept. 19 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Sept. 26, 2022 linked to the lesser performing of the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Beginning Sept. 25, 2019, the notes will be called at par plus an annualized call premium of at least 17.65% if each underlying closes at or above its initial level on any annual review date. The exact call premium will be set at pricing.

If the notes are not called, investors will receive par plus 10% unless the lesser-performing underlying finishes below the trigger level, 60% of the initial level, in which case investors will lose 1% for each 1% decline of the lesser-performing underlying from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48130ULU7) will price on Sept. 21 and settle on Sept. 28.

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