New York, July 11 – JPMorgan Chase Financial Co. LLC priced $1.21 million of 0% uncapped accelerated barrier notes due July 1, 2027 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 320% of the return.
The payout will be par if the index declines but finishes at or above its 70% barrier. Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
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: | Uncapped accelerated barrier notes
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| Underlying index: | MerQube US Large-Cap Vol Advantage index
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| Amount: | $1.21 million
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| Maturity: | July 1, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 320% of index return; par if index declines but finishes at or above its 70% barrier; otherwise, 1% loss for every 1% decline from initial level
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| Initial level: | The arithmetic average of the index closing levels on the selected trading dates from June 28 to Oct. 25
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| Upside leverage: | 320%
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| Cap: | None
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| Barrier: | 70% of initial level
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| Pricing date: | June 28
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| Settlement date: | June 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 5%
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| Cusip: | 48133GZT3
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