By Marisa Wong
Los Angeles, May 15 – JPMorgan Chase Financial Co. LLC priced $1.48 million of 0% contingent buffered return enhanced notes due May 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.3786 times any index gain.
Investors will receive par if the index falls by up to 20%. Otherwise, investors will lose 1% for each 1% index decline below the initial level.
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: | Contingent buffered return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $1.48 million
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| Maturity: | May 5, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.3786 times any index gain; par if the index falls by up to 20%; otherwise, full exposure to losses
|
| Initial level: | 2,912.43
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| Final level: | Average of index closing levels on five trading days ending April 30, 2025
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| Strike date: | April 30
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| Pricing date: | May 1
|
| Settlement date: | May 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
|
| Cusip: | 48132K4Q5
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