New York, Feb. 1 – JPMorgan Chase Financial Co. LLC priced $1.27 million of 0% review notes due Jan. 22, 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 at a premium of 18.5% per year if the index closes at or above its initial value on any monthly review date starting Jan. 23, 2025.
If the notes are not called and the index finishes at or above 85% of initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
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: | Review notes
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| Underlying index: | MerQube US Tech+ Vol Advantage index
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| Amount: | $1,271,000
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| Maturity: | Jan. 22, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par if the index finishes at or above 85% of initial level; otherwise, lose 1% for every 1% that the index declines beyond 15%
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| Call: | Automatically at a premium of 18.5% per year if the index closes at or above its initial value on any monthly review date starting Jan. 23, 2025
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| Initial level: | 9,284.34
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| Pricing date: | Jan. 17
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| Settlement date: | Jan. 22
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.9%
|
| Cusip: | 48134TWD2
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