By William Gullotti
Buffalo, N.Y., April 11 – JPMorgan Chase Financial Co. LLC priced $7.42 million of 0% autocallable trigger PLUS due April 2, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus 8.7% if the index closes at or above its initial level on April 4, 2025.
If the index return is positive, the payout at maturity will be par plus 125% of the index return.
Investors will receive par if the index return is negative but ends at or above the trigger and will lose 1% for every 1% decline from initial level if it ends below the trigger level.
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: | Autocallable trigger PLUS
|
| Underlying index: | S&P 500 index
|
| Amount: | $7,415,000
|
| Maturity: | April 2, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 125% of index return; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% decline from initial level
|
| Call: | Automatically at par plus 8.7% if the index closes at or above its initial level on April 4, 2025
|
| Initial level: | 5,254.35
|
| Trigger level: | 3,940.7625; 75% of initial level
|
| Pricing date: | March 28
|
| Settlement date: | April 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Distributor: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 48134WM61
|
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