By Marisa Wong
Morgantown, W.Va., March 26 – JPMorgan Chase Financial Co. LLC priced $657,000 of 0% review notes due March 19, 2021 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE 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 premium of 13% per year if each underlying closes at or above its initial level on any annual review date.
If the notes are not called and each underlying finishes at or above 80% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline of the lesser performer below its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
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| Underlyings: | Euro Stoxx 50, iShares MSCI EAFE ETF
|
| Amount: | $657,000
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| Maturity: | March 19, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless either underlying finishes below trigger value, in which case full exposure to decline of worse performer
|
| Call: | At par plus a premium of 13% per year if each underlying closes at or above initial value on any annual review date
|
| Initial values: | 3,437.40 for index and $70.47 for ETF
|
| Trigger values: | 2,749.92 for index and $56.376 for ETF; 80% of initial values
|
| Pricing date: | March 16
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| Settlement date: | March 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48129MCP9
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