New York, June 3 – JPMorgan Chase Financial Co. LLC priced $1.75 million of 0% review notes due May 30, 2025 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 25.25% per year if the index closes at or above its initial level on any annual review date.
If the index finishes at or above above its 60% 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
|
| Underlying index: | MerQube US Large-Cap Vol Advantage index
|
| Amount: | $1,752,000
|
| Maturity: | May 30, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that index declines from initial level
|
| Call: | Automatically at a premium of 25.25% per year if the index closes at or above its initial level on any annual review date
|
| Initial level: | 2,668.13
|
| Downside threshold: | 1,600.878, 60% of initial level
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48133F4T9
|
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