JPMorgan plans notes due 2025 linked to S&P Economic Cycle Factor

By Sarah Lizee

Olympia, Wash., Jan. 9 – JPMorgan Chase Financial Co. LLC plans to price 0% notes due Jan. 15, 2025 linked to the S&P Economic Cycle Factor Rotator index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 155% of the index return, subject to a minimum payout of par. The exact participation rate will be set at pricing.

The notes will be guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price Jan. 10.

The Cusip number is 48132HLL4.

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