By Wendy Van Sickle
Columbus, Ohio, Dec. 22 – JPMorgan Chase Financial Co. LLC priced $21.2 million of 0% trigger Performance Leveraged Upside Securities due Jan. 5, 2027 linked to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial price, the payout at maturity will be par of $10 plus 120% of the return.
If the index finishes flat or falls by up to 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% of decline from the initial price.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500 Value index
|
| Amount: | $21,197,150
|
| Maturity: | Jan. 5, 2027
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 120% of index return if index finishes above its initial level; if index finishes flat or falls by up to 30%, par; otherwise, 1% loss per 1% decline
|
| Initial price: | 1,251.348
|
| Trigger price: | 875.9436, 70% of initial price
|
| Pricing date: | Dec. 16
|
| Settlement date: | Dec. 21
|
| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 3.5%
|
| Cusip: | 48132N265
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