By Kiku Steinfeld
Chicago, Dec. 8 – JPMorgan Chase Financial Co. LLC priced $544,000 of 0% market-linked securities – autocallable with contingent downside due April 7, 2025 linked to the performance of VanEck Oil Services ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus 19% per year if the fund closes at or above its initial level on any annual observation date.
If the notes are not called, the payout at maturity will be par unless the fund falls by more than 30%, in which case investors lose 1% for every 1% decline from its initial level.
J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Market-linked securities – autocallable with contingent downside
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| Underlying fund: | VanEck Oil Services ETF
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| Amount: | $544,000
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| Maturity: | April 7, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par unless the fund falls by more than 30%, in which case full exposure to decline from initial level
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| Call: | Automatically at par plus 19% per year if the fund closes at or above initial level on any annual observation date
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| Initial level: | $282.55
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| Coupon barrier: | $197.785; 70% of initial level
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| Threshold level: | $197.785; 70% of initial level
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| Pricing date: | March 31
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| Settlement date: | April 5
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| Agents: | J.P. Morgan Securities LLC and Wells Fargo Securities, LLC
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| Fees: | 2.425%
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| Cusip: | 48133DLL2
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