Chicago, Oct. 25 – JPMorgan Chase Financial Co. LLC priced $1.48 million of 0% uncapped accelerated barrier notes due Feb. 27, 2025 linked to the J.P. Morgan Kronos+ index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 101% of the return of the index. The payout will be par if the index declines but finishes above its 80% barrier. Investors will lose 1% for every 1% that the index declines if it closes below its barrier.
The level of the index reflects the deduction of a fee of 0.95% per annum that accrues daily and, in some circumstances, a notional financing cost.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped accelerated barrier notes
|
| Underlying index: | J.P. Morgan Kronos+ index
|
| Amount: | $1,475,000
|
| Maturity: | Feb. 27, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 101% of index return; par if index declines but finishes above its downside barrier; 1% loss for every 1% that index declines if it finishes below its downside barrier
|
| Initial level: | 226.68
|
| Upside leverage: | 101%
|
| Cap: | None
|
| Barrier: | 181.344, 80% of initial level
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48133CX80
|
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