New York, April 25 – JPMorgan Chase Financial Co. LLC priced $2.75 million of 0% review notes due April 17, 2029 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium 16% of per year if the index closes at or above its initial value on any trading day starting April 17, 2025.
If the index ends at or above its 60% downside threshold, the notes will be called at maturity at par plus 79.55556%.
Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
The notes are guaranteed by JPMorgan Chase & Co.
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: | MerQube US Large-Cap Vol Advantage index
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| Amount: | $2,753,000
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| Maturity: | April 17, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its downside threshold level, par plus 79.55556%; otherwise, 1% loss for every 1% that index declines from initial level
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| Call: | Automatically at a premium 16% of per year if the index closes at or above its initial value on any trading day starting April 17, 2025
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| Initial level: | 3,344.03
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| Downside threshold: | 2,006.418, 60% of initial level
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| Pricing date: | April 12
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| Settlement date: | April 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 5%
|
| Cusip: | 48134XEX9
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