By William Gullotti
Buffalo, N.Y., April 29 – JPMorgan Chase Financial Co. LLC priced $2.34 million of 0% autocallable dual directional accelerated barrier notes due April 22, 2027 linked to the stock performance of Nvidia Corp., according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus a 30% call premium if the stock closes at or above initial level on April 28, 2025.
If the stock finishes flat or positive, the payout at maturity will be par plus 1.25 times the gain of the stock.
If the stock falls but not beyond the 60% barrier level, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1% for each 1% decline of the stock from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable dual directional accelerated barrier notes
|
| Underlying stock: | Nvidia Corp.
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| Amount: | $2,344,000
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| Maturity: | April 22, 2027
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the stock finishes flat or positive, par plus 1.25 times the return of the stock; if the stock falls but finishes at or above barrier level, par plus the absolute value of return; otherwise, 1% loss for each 1% decline of stock from initial level
|
| Call: | Automatically at par plus 30% call premium if the stock closes at or above initial level on April 28, 2025
|
| Initial level: | $762.00
|
| Barrier level: | $457.20; 60% of initial level
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| Pricing date: | April 19
|
| Settlement date: | April 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48134XPD1
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