New York, April 19 – JPMorgan Chase Financial Co. LLC priced $1.45 million of 0% review notes due April 12, 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 of 22.75% per year if the index closes at or above its call value on any quarterly review date starting April 9, 2025. Call level starts at 97% of initial level and steps down by 3% in four valuation date intervals.
If the notes are not called and the index ends at or above its 50% downside threshold, the payout at maturity will be par. 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: | $1,449,000
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| Maturity: | April 12, 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; otherwise, 1% loss for every 1% that index declines from initial level
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| Call: | Automatically at a premium of 22.75% per year if the index closes at or above its call value on any quarterly review date starting April 9, 2025. Call level starts at 97% of initial level and steps down by 3% in four valuation date intervals
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| Initial level: | 3,477.38
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| Downside threshold: | 1,738.69, 50% of initial level
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| Pricing date: | April 9
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| Settlement date: | April 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.9%
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| Cusip: | 48134XTB1
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