New York, April 25 – JPMorgan Chase Financial Co. LLC priced $1.24 million of 0% autocallable accelerated barrier 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 par plus 26.6% per year if the index closes at or above its initial level on any quarterly review date starting April 21, 2025.
If the index gains, the payout at maturity will be par plus 300% of the index return.
Investors will receive par if the index declines but ends at or above its 50% downside threshold level and will lose 1% for every 1% that the index declines if it finishes below the downside threshold 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: | Autocallable accelerated barrier notes
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| Underlying index: | MerQube US Large-Cap Vol Advantage index
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| Amount: | $1,242,000
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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 initial value, par plus 300% of index return; if index declines but finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that index declines from initial level
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| Call: | Automatically at par plus 26.6% per year if the index closes at or above its initial level on any quarterly review date starting April 21, 2025
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| Initial level: | 3,344.03
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| Upside leverage: | 300%
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| Downside threshold: | 1,672.015, 50% 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%
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| Cusip: | 48134XFP5
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