By William Gullotti
Buffalo, N.Y., March 3 – JPMorgan Chase Financial Co. LLC priced $1.54 million of 0% review notes due March 2, 2026 linked to the performance of the iShares Russell 2000 Growth ETF and the iShares U.S. Home Construction 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 13.3% if each ETF closes at or above its initial level on any annual review date.
If the notes are not called and each ETF finishes at or above its 70% trigger level, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
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.
|
| Issue: | Review notes
|
| Underlying funds: | iShares Russell 2000 Growth ETF, iShares U.S. Home Construction ETF
|
| Amount: | $1,535,000
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| Maturity: | March 2, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each ETF finishes at or above trigger level, par; otherwise, 1% loss for each 1% decline of worst performing ETF from its initial level
|
| Call: | At par plus 13.3% per year if each ETF closes at or above initial level on any annual review date
|
| Initial levels: | $253.96 for Russell Growth ETF, $66.64 for Construction ETF
|
| Trigger levels: | $177.772 for Russell Growth ETF, $46.648 for Construction ETF; 70% of initial levels
|
| Pricing date: | Feb. 25
|
| Settlement date: | March 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48133DDZ0
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