Chicago, Jan. 25 – JPMorgan Chase Financial Co. LLC priced $1.68 million of 0% review notes due Jan. 24, 2029 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting Jan. 24, 2025 and on any subsequent quarterly review date at a premium of 21% per year if the index closes above its initial value on the successive determination dates. The call value steps down to 75% of the initial level for the last year.
If the notes are not called and 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
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| Underlying index: | MerQube US Tech+ Vol Advantage index
|
| Amount: | $1,681,000
|
| Maturity: | Jan. 24, 2029
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If called because index closes above 75% of initial level, par plus 105%; if index finishes below call level and at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
|
| Call: | Automatically starting Jan. 24, 2025 and on any subsequent quarterly review date at a premium of 21% per year if the index closes above its call value on the successive determination dates; call value starts at 100% of initial level and steps down to 75% of initial level for final year
|
| Initial level: | 9,981.54
|
| Downside threshold: | 4,990.77, 50% of initial level
|
| Pricing date: | Jan. 19
|
| Settlement date: | Jan. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48134TSN5
|
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