New York, Feb. 27 – JPMorgan Chase Financial Co. LLC priced $270,000 of 0% review notes due Jan. 17, 2029 linked to MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus 28.5% per year starting Jan. 21, 2025 if the price of the index is greater than or equal to its closing price and on any subsequent annual review date.
The final call premium is 142.5%.
If the notes are not called and the worst performing index finishes at or above its 60% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing index declines.
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.
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| Issue: | Autocallable contingent interest notes
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| Underlying index: | MerQube US Tech+ Vol Advantage index
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| Amount: | $270,000
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| Maturity: | Jan. 17, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If called, par plus 142.5%; if not called and index finishes at or above final barrier, par; 1% loss for every 1% the index declines if it ends below final barrier
|
| Call: | Automatically at par plus 28.5% annual premium starting Jan. 21, 2025 and on subsequent annual review dates if the price of the index is greater than or equal to its final barrier
|
| Initial level: | 9,412.69
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| Barrier level: | 5,647.614, 60% of strike value
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| Pricing date: | Jan. 16, 2024
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| Settlement date: | Jan. 19, 2024
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.85%
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| Cusip: | 48134TVB7
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