By Wendy Van Sickle
Columbus, Ohio, Oct. 22 – JPMorgan Chase Financial Co. LLC priced $4.96 million of 0% review notes due Oct. 22, 2026 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 12% per year if the index closes at or above its call level on any quarterly review date after one year. The call level starts at 100% of the initial level and drops by 1.87% on each subsequent review date.
If the index finishes below its initial level but at or above the 50% barrier level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline in the index from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
|
| Underlying index: | MerQube US Tech+ Vol Advantage index
|
| Amount: | $4,958,000
|
| Maturity: | Oct. 22, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above barrier level, par; otherwise, investors will lose 1% for every 1% decline in the index from its initial level
|
| Call: | Automatically at par plus call premium of 12% per year if index closes at or above call level on any quarterly review date after one year; call level starts at 100% of the initial level and drops by 1.87% on each subsequent review date
|
| Initial level: | 10,121.51
|
| Barrier level: | 5,060.755; 50% of initial level
|
| Pricing date: | Oct. 19
|
| Settlement date: | Oct. 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132W7A1
|
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