By Wendy Van Sickle
Columbus, Ohio, May 21 – JPMorgan Chase Financial Co. LLC priced $15 million of 0% review notes due May 20, 2021 linked to the least performing of the class A common assets of Facebook, Inc. and Alphabet, Inc. and the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 13% if each asset closes at or above its initial level on any annual review date, aside from the final date when the call level will be 60% of the initial level.
If the notes are not called, investors will be fully exposed to any losses of the worst performing asset.
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 assets: | Apple Inc. stock, SPDR S&P Oil & Gas Exploration & Production ETF, VanEck Vectors Oil Services ETF
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| Amount: | $15 million
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| Maturity: | May 20, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Full exposure to decline of worst performing asset
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| Call: | At par plus 13% per year if each asset closes at or above initial level on May 28, 2019 or May 18, 2020 or above 60% of its initial level on May 17, 2021
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| Initial levels: | $186.99 for Apple, $43.52 for SPDR S&P and $29.46 for VanEck
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| Pricing date: | May 17
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| Settlement date: | May 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.94%
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| Cusip: | 48129MUS3
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