Chicago, May 19 – JPMorgan Chase Financial Co. LLC priced $3.64 million of 0% enhanced buffered Performance Leveraged Upside Securities due June 4, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above the 90% buffer level, the payout at maturity will be par plus 1.5 times the sum of 10% plus the index return.
Otherwise, investors will lose 1% for every 1% decline of the index beyond 10%
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Enhanced buffered Performance Leveraged Upside Securities
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| Underlying index: | S&P 500 index
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| Amount: | $3,638,000
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| Maturity: | June 4, 2025
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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 buffer level, par plus 1.5 times sum of 10% plus index return; otherwise, 1% loss per 1% decline beyond 10%
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| Initial level: | 4,124.08
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| Buffer level: | 3,711.672; 90% of initial level
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| Pricing date: | May 12
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| Settlement date: | May 17
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| Agents: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management as dealer
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| Fees: | 2.5%
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| Cusip: | 48133WBA5
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