By Wendy Van Sickle
Columbus, Ohio, Oct. 26 – JPMorgan Chase Financial Co. LLC priced $698,000 of 0% review notes due Oct. 24, 2022 linked to the lesser performing of the Euro Stoxx Banks index and the SPDR S&P Regional Banking 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 19.25% per year if each underlying asset closes at or above its initial level on any annual review date.
If the notes are not called and each underlying asset finishes at or above 60% 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.
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| Issue: | Review notes
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| Underlying assets: | Euro Stoxx Banks index, SPDR S&P Regional Banking ETF
|
| Amount: | $698,000
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| Maturity: | Oct. 24, 2022
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | Par unless either underlying asset finishes below trigger value, in which case full exposure to decline of worse performer
|
| Call: | At par plus a premium of 19.25% per year if each underlying asset closes at or above initial value on any annual review date
|
| Initial values: | 99.51 for index and $54.71 for ETF
|
| Trigger values: | 59.706 for index and $32.826 for ETF; 60% of initial values
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| Pricing date: | Oct. 19
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| Settlement date: | Oct. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48130U7K5
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