By Susanna Moon
Chicago, Feb. 21 – JPMorgan Chase Financial Co. LLC priced $1.42 million of 0% review notes due Feb. 7, 2023 linked to the SPDR S&P Regional Banking ETF and the VanEck Vectors Gold Miners ETF, 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 an annual call premium of 11.5% if each fund closes at or above its initial level on any annual review date.
If the notes are not called, the payout at maturity will be par plus 10% unless either fund falls by more than 40%, in which case investors will be fully exposed to any losses of the worse performing fund.
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 index: | SPDR S&P Regional Banking ETF and VanEck Vectors Gold Miners ETF
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| Amount: | $1,417,000
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| Maturity: | Feb. 7, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 10% unless either fund falls by more than 40%, in which case 1% loss per 1% decline of worse performing fund
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| Call: | At par plus 11.5% per year if each fund closes at or above initial level on any annual review date
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| Initial levels: | $62.64 for bank fund, $22.91 for gold fund
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| Trigger levels: | $37.584 for bank fund, $13.746 for gold fund; 60% of initial levels
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| Pricing date: | Feb. 2
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| Settlement date: | Feb. 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.75%
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| Cusip: | 48129HYH4
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