New York, July 25 – JPMorgan Chase Financial Co. LLC priced $250,000 of 0% review notes due July 2, 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 26.25% per year if the index closes at or above its initial level on any annual valuation date.
If the notes are not called and the index finishes at or above its 60% downside threshold, the payout at maturity will be par. 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: | Review notes
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Underlying index: | MerQube US Large-Cap Vol Advantage index
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Amount: | $250,000
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Maturity: | July 2, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
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Call: | Automatically at a premium of 26.25% per year if the index closes at or above its initial level on any annual valuation date
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Initial level: | 2,513.48
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Downside threshold: | 1,508.088, 60% of initial level
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Pricing date: | June 27
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Settlement date: | June 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.25%
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Cusip: | 48133GQC0
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