By Susanna Moon
Chicago, Nov. 13 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% review notes due Nov. 8, 2019 linked to the Topix index, 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 12.7% if the index closes at or above its initial level on either annual review date.
If the notes are not called, the payout at maturity will be par unless the index falls by more than 20%, in which case investors will be fully exposed to any losses.
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: | Topix
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| Amount: | $2 million
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| Maturity: | Nov. 8, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par unless the index falls by more than 20%, in which case investors will be fully exposed to any losses
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| Call: | At par plus 12.7% per year if index closes at or above initial level on either annual review date
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| Initial level: | 194.76
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| Contingent buffer: | 20%
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| Pricing date: | Nov. 6
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| Settlement date: | Nov. 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 46647MPK3
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