By Sarah Lizee
Olympia, Wash., March 2 – JPMorgan Chase Financial Co. LLC priced $6.49 million of 0% review notes due Aug. 27, 2021 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 9.25% per year if each index closes at or above its initial level on any semiannual call date.
If the notes are not called, the payout at maturity will be par unless the final level of either index is less than its initial level by more than 20%, in which case investors will lose 1.25% for each 1% that the lesser-performing index declines beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Review notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $6,493,000
|
| Maturity: | Aug. 27, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless the final level of either index is less than its initial level by more than 20%, in which case investors will lose 1.25% for each 1% that the lesser-performing index declines beyond the buffer
|
| Call: | Automatically at par plus call premium of 9.25% per year if each index closes at or above initial level on a semiannual call date
|
| Initial levels: | 3,225.89 for S&P 500 and 1,628.104 for Russell 2000
|
| Buffer levels: | 80% of initial levels
|
| Pricing date: | Feb. 25
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| Settlement date: | Feb. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.1%
|
| Cusip: | 48132HK35
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