New York, March 25 – JPMorgan Chase Financial Co. LLC priced $10.54 million of 0% review notes due March 22, 2029 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called automatically at a premium of 9% per year if the index closes at or above 90% of its initial value on any quarterly review date starting March 25, 2025.
If the notes are not called and the index finishes at or above 85% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1.17647% for every 1% that the index declines beyond 15%.
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 index
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| Amount: | $10.54 million
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| Maturity: | March 22, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par unless index declines by more than 15%, in which case lose 1.17647% for every 1% that the index declines beyond 15%
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| Call: | Automatically at a premium of 9% per year if the index closes at or above 90% of its initial value on any quarterly review date starting March 25, 2025
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| Initial level: | 4,982.76
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| Pricing date: | March 18
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| Settlement date: | March 21
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.05%
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| Cusip: | 48134WW78
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