Chicago, April 19 – JPMorgan Chase Financial Co. LLC priced $616,000 of 0% review notes due Jan. 24, 2029 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting Jan. 28, 2025 and on any subsequent monthly review date at a premium of 24.5% per year if the index closes above its initial value on the successive determination dates.
The maturity date premium is 122.5%.
If the notes are not called and the index ends above its 50% downside threshold the payout at maturity will be par. Investors 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: | Review notes
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| Underlying index: | MerQube US Tech+ Vol Advantage index
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| Amount: | $616,000
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| Maturity: | Jan. 24, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If called, par plus 122.5%; if not called and index finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
|
| Call: | Automatically starting Jan. 28, 2025 and on any subsequent monthly review date at a premium of 24.5% per year if the index closes above its initial value on the successive determination dates
|
| Initial level: | 9,981.54
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| Downside threshold: | 4,990.77, 50% of initial level
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48134TVQ4
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