By Wendy Van Sickle
Columbus, Ohio, April 14 – JPMorgan Chase Financial Co. LLC priced $15 million of 0% capped in-gears due May 19, 2028 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level will be the average of the index’s closing levels on each day during the period from and including April 14 to and including April 14. The final index level will be the average of the index’s closing levels on each day during the period from and including June 8, 2027 to and including Sept. 7, 2027.
At maturity, if the index’s return is greater than or equal to 61%, the payout will be par plus 102.85%.
If the index return is greater than or equal to 38% but less than 61%, the payout will be par plus 2.05 times the excess of the return over 38% plus 55.7%.
If the index return is greater than or equal to zero but less than 38%, the payout will be par plus 1.15 times the quantity of the return plus 12%.
If the index return is greater than or equal to negative 5% but less than zero, investors will receive par plus 2.4 times the difference between the return and negative 5%.
If the index return is between negative 25% and negative 5%, investors will lose 1.25% for each 1% decline beyond 5%.
If the index finishes below its 75% downside threshold, investors will lose 1% for every 1% decline in the index from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped in-gears
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| Underlying index: | Dow Jones industrial average
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| Amount: | $15 million
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| Maturity: | May 19, 2028
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is greater than or equal to 61%, par plus 102.85%; if index return is greater than or equal to 38% but less than 61%, par plus 2.05 times the excess of the return over 38% plus 55.7%; if index return is greater than or equal to zero but less than 38%, par plus 1.15 times the quantity of the return plus 12%; if index return is greater than or equal to negative 5% but less than zero, par plus 2.4 times the difference between the return and negative 5%; if index return is between negative 25% and negative 5%, investors will lose 1.25% for each 1% decline beyond 5; full exposure to loss if index falls by more than 25%
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| Initial index level: | Average of closing levels on each day during period from and including April 8 to and including May 17
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| Final level: | Average of closing levels on each day during the period from and including Feb. 16, 2028 to and including May 16, 2028
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| Downside threshold: | 75% of initial level
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| Pricing date: | April 11
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| Settlement date: | April 14
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48133B388
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