By Susanna Moon
Chicago, Feb. 8 – JPMorgan Chase Financial Co. LLC priced $6.32 million of 0% review notes due Jan. 29, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 11.25% if the index 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 unless the index falls by more than the 25% contingent buffer, in which case investors will be fully exposed to any losses.
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 index: | Euro Stoxx 50
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Amount: | $6,324,000
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Maturity: | Jan. 29, 2020
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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 25%, in which case 1% loss for each 1% decline
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Call: | At par plus 11.25% per year if index closes at or above initial level on any annual review date
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Initial level: | 3,647.41
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Contingent buffer: | 25%
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48129HXR3
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