By Wendy Van Sickle
Columbus, Ohio, April 7 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% review notes due April 2, 2024 linked to the least performing of the ordinary shares of Alibaba Group Holding Ltd. and the common stocks of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 16.85% if each stock closes at or above its applicable call level on any annual review date. The call level will be 100% of the initial level for each stock for each date except the final one when it will be 50% of each stock’s initial level.
If the notes are not called, investors will be fully exposed to any losses of the worst performing stock.
The notes are guaranteed by JPMorgan Chase & Co.
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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| Underlying stocks: | Alibaba Group Holding Ltd. and Walt Disney Co.
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| Amount: | $10 million
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| Maturity: | April 2, 2024
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 16.85% per year if each stock closes at or above call level on annual review date; call level will be 100% of the initial level for each stock for each date except the final one when it will be 50% of each stock’s initial level
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| Payout at maturity: | If not called 1% loss for each 1% decline of worst performing stock
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| Initial levels: | $189.6595 | for Alibaba, $98.9997 for Disney
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| Trigger levels: | 50% of initial levels
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| Pricing date: | March 27
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| Settlement date: | April 1
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48132KA96
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