By Marisa Wong
Morgantown, W.Va., Aug. 21 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% review notes due Aug. 20, 2020 linked to the worst performing of the common stock of Walmart Inc., the common stock of Goldman Sachs Group, Inc. and the VanEck Vectors Russia exchange-traded fund, 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 11% per year if each underlying closes at or above the call level on either annual review date. The call level is equal to the initial value for the first review date on Aug. 23, 2019 and 60% of the initial value for the final review date on Aug. 17, 2020.
If the notes are not called, the payout at maturity will be par plus the return of the worst performing underlying with full exposure to any losses.
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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| Underlyings: | Common stock of Walmart Inc. (Symbol: WMT), common stock of Goldman Sachs Group, Inc. (Symbol: GS) and VanEck Vectors Russia ETF
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| Amount: | $10 million
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| Maturity: | Aug. 20, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus the return of the worst performing underlying with full exposure to any losses
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| Call: | At par plus 11% per year if each underlying closes at or above the initial value on Aug. 23, 2019 or at or above 60% of the initial value on Aug. 17, 2020
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| Initial values: | $97.85 for Walmart, $233.38 for Goldman and $19.84 for Russia ETF
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| Pricing date: | Aug. 17
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| Settlement date: | Aug. 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48130UDT9
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