By William Gullotti
Buffalo, N.Y., April 23 – JPMorgan Chase Financial Co. LLC priced $4.59 million of 0% autocallable trigger PLUS due April 22, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus 12.1% if the index closes at or above its initial level on April 24, 2025.
If the index return is positive, the payout at maturity will be par plus 125% of the index return.
Investors will receive par if the index return is negative but ends at or above the trigger and will lose 1% for every 1% decline from initial level if it ends below the trigger level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent, with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable trigger PLUS
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| Underlying index: | Russell 2000 index
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| Amount: | $4.59 million
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| Maturity: | April 22, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 125% of index return; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% decline from initial level
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| Call: | Automatically at par plus 12.1% if the index closes at or above its initial level on April 24, 2025
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| Initial level: | 1,947.947
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| Trigger level: | 1,460.96025; 75% of initial level
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| Pricing date: | April 17
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| Settlement date: | April 22
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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%
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| Cusip: | 48134XUB9
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