Chicago, Feb. 29 – JPMorgan Chase Financial Co. LLC priced $2.5 million of 0% review notes due Feb. 6, 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 starting Feb. 10, 2025 and on any subsequent quarterly review date at a premium of 27% per year if the index closes above its initial value on the successive determination dates.
If 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 Large-Cap Vol Advantage index
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Amount: | $2.5 million
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Maturity: | Feb. 6, 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; 1% loss for every 1% that index declines if it finishes below its downside threshold level
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Call: | Automatically starting Feb. 10, 2025 and on any subsequent quarterly review date at a premium of 27% per year if the index closes above its initial value on the successive determination dates
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Initial level: | 3,092.45
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Downside threshold: | 1,546.225, 50% of initial level
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Strike date: | Feb. 1
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Pricing date: | Feb. 2
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Settlement date: | Feb. 7
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.45%
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Cusip: | 48134WBR7
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