New York, May 9 – JPMorgan Chase Financial Co. LLC priced $3.46 million of 0% trigger jump securities due May 1, 2025 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the stock is flat or positive, the payout at maturity will be par plus 31.25%.
Investors will receive par if the stock declines but finishes at or above the 80% trigger level and will lose 1% for every 1% that the stock declines if it finishes below the trigger level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management will act as distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger jump securities
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| Underlying stock: | Apple Inc.
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| Amount: | $3,458,000
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| Maturity: | May 1, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock return is flat or positive, par plus 31.25%; par if stock declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that stock declines from initial level
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| Initial level: | $169.68
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| Upside payment: | 31.25%
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| Trigger: | $135.744, 80% of initial level
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| Pricing date: | April 28
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| Settlement date: | May 3
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| Agent: | J.P. Morgan Securities LLC
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| Distributor: | Morgan Stanley Wealth Management
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| Fees: | 2.5% including a structuring fee of 0.5%
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| Cusip: | 48133VR28
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