JPMorgan plans four-year review notes linked to metals, gold ETFs

New York, July 14 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due July 26, 2021 linked to the lesser performing of the SPDR S&P Metals & Mining exchange-traded fund and the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of at least 17.4% if each fund closes at or above its initial level on any of four annual call dates. The exact premium will be set at pricing.

The payout will be par plus the contingent minimum return of 10% unless either fund finishes below its 70% trigger level, in which case investors will be fully exposed to the losses of the worse performing fund.

J.P. Morgan Securities LLC is the agent.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will price on July 21 and settle on July 28.

The Cusip number is 46647MXU2.

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