By Wendy Van Sickle
Columbus, Ohio, Oct. 31 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% review notes due Oct. 30, 2020 linked to the lesser performing of the Euro Stoxx Banks index and the SPDR S&P Bank exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an annual call premium of 10.6% if each underlying closes at or above its initial level on any annual call date, except the final call date when the call trigger levels will be 65% of the initial levels.
If the notes are not called, investors will be fully exposed to the losses of the worse performing underlying.
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: | Euro Stoxx Banks index, SPDR S&P Bank exchange-traded fund
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| Amount: | $10 million
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| Maturity: | Oct. 30, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Investors will be fully exposed to the losses of the worse performing underlying
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| Call: | At par plus an annual call premium of 10.6% if each underlying closes at or above its initial level on any annual call date, except final call date when call level will be 65% of initial level
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| Initial levels: | 135.53 for index, $46.21 for fund
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| Pricing date: | Oct. 27
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| Settlement date: | Nov. 1
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48129HJG3
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