By Wendy Van Sickle
Columbus, Ohio, Aug. 10 – JPMorgan Chase Financial Co. LLC priced $4.53 million of 0% capped in-Gears due Nov. 17, 2028 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index’s final value is greater than 165% of its initial level, the payout at maturity will be par plus 125.6%
If the index’s final value is less than or equal to 165% of its initial level but greater than 160% of its initial level, the payout will be par plus 96% plus 5.92 times any index gain over 160%.
If the index’s final value is less than or equal to 160% of its initial level but greater than 100% of its initial level, the payout will be par plus 1.5 times the quantity of the return plus 6%.
If the index’s final value is less than 100% of its initial level but greater than 94% of its initial level, the payout will be par plus 1% for every 1% the index finishes above 94% of its initial level.
If the index’s final value is less than 94% of its initial level but greater than 74% of its initial level, the payout will be par minus 1.3% for every 1% the index finishes below 94% of its initial level.
If the index finishes below 74% of its initial level, investors will lose 1% for every 1% decline of the index from its initial level.
J.P. Morgan Securities LLC and UBS Financial Services Inc. 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: | $4,532,000
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| Maturity: | Nov. 17, 2028
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the index’s final value is greater than 165% of its initial level, par plus 125.6%; if the index’s final value is less than or equal to 165% of its initial level but greater than 160% of its initial level, par plus 96% plus 5.92 times any index gain over 160%; if the index’s final value is less than or equal to 160% of its initial level but greater than 100% of its initial level, par plus 1.5 times the quantity of the return plus 6%; If index’s final value is less than 100% of its initial level but greater than 94% of its initial level, par plus 1% for every 1% the index finishes above 94% of initial level; if index’s final value is less than 94% of initial level but greater than 74% of initial level, par minus 1.3% for every 1% index falls by more than 6%; full exposure to loss if index finishes below 74% of initial level
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| Initial level: | Arithmetic average of index closing levels from Aug. 3 to Sept. 8
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| Final value: | Arithmetic average of index closing levels from Aug 17, 2028 to Nov. 17, 2028
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| Pricing date: | Aug. 4
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| Settlement date: | Aug. 9
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| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
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| Fees: | 0.25%
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| Cusip: | 48133H622
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