New York, May 27 – JPMorgan Chase Financial Co. LLC priced $3.5 million of 0% review notes due May 26, 2026 linked to the Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 16.5% per year if the stock closes at or above its call level on any annual review date. The call level is equal to the initial level for the first three observation dates and 50% of the initial value on the final observation date.
If the notes have not been called, meaning the stock finished below its 50% downside threshold, investors will lose 1% for every 1% that the stock declines from its 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 stock: | Boeing Co.
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| Amount: | $3,502,000
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| Maturity: | May 26, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level
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| Call: | Automatically at a premium of 16.5% per year if the stock closes at or above its call value on any annual review date; call value is equal to the initial level on the first three observation dates and 50% of the initial value on the fourth
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| Initial level: | $120.70
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| Downside threshold: | $60.35, 50% of initial level
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| Pricing date: | May 20
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| Settlement date: | May 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48133GJP9
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