JPMorgan plans to price review notes due 2024 linked to three indexes

By Sarah Lizee

Olympia, Wash., Aug. 21 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Aug. 28, 2024 linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will be called at par plus a premium of at least 9.15% per year if each index closes at or above 92% of its initial level on any annual review date beginning Aug. 27, 2020. The exact call premium will be set at pricing.

If the notes are not called and the final level of each index is greater than or equal to its trigger value, 70% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% that the least-performing index's final level is less than its initial level.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48132CD59) will price on Aug. 23.

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