By William Gullotti
Buffalo, N.Y., March 23 – JPMorgan Chase Financial Co. LLC priced $1.56 million of 0% uncapped accelerated barrier notes due March 23, 2027 linked to the performance of the MerQube US Tech+ Vol Advantage 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 its initial level, the payout at maturity will be par plus 2.21 times the index return.
If the index falls but finishes at or above the 60% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the index’s decline from its initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped accelerated barrier notes
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| Underlying index: | MerQube US Tech+ Vol Advantage index
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| Amount: | $1.56 million
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| Maturity: | March 23, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above its initial level, par plus 2.21 times the index return; if the index falls but finishes at or above the barrier level, par; otherwise, investors will be fully exposed to the decline from initial level
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| Initial index level: | 8,760.87
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| Barrier level: | 5,256.522; 60% of initial levels
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| Pricing date: | March 18
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| Settlement date: | March 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 5%
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| Cusip: | 48133DYS3
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