New York, May 7 – JPMorgan Chase Financial Co. LLC priced $3.4 million of 0% autocallable accelerated barrier notes due May 4, 2027 linked to the SPDR S&P MidCap 400 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 10% if the ETF closes at or above its initial value on May 5, 2025.
If the ETF gains, the payout at maturity will be par plus 140% of the ETF return.
Investors will receive par if the ETF declines but ends at or above its 70% barrier and will lose 1% for every 1% that the ETF declines if it finishes below the barrier 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 ETF: | SPDR S&P MidCap 400 ETF Trust
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| Amount: | $3.4 million
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| Maturity: | May 4, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above its initial value, par plus 140% of ETF return; if ETF declines but finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that ETF declines from initial level
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| Call: | Automatically at a premium of 10% if the ETF closes at or above its initial value on May 5, 2025
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| Initial level: | $532.28
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| Upside leverage: | 140%
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| Downside threshold: | $372.596, 70% of initial level
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| Pricing date: | April 29
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| Settlement date: | May 2
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.35%
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| Cusip: | 48134X4A0
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