New York, Feb. 23 – JPMorgan Chase Financial Co. LLC priced $1.49 million of 0% review notes due Feb. 3, 2028 linked to the Health Care Select Sector SPDR Fund and the Industrial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus a premium of 12.25% per year if the worst performing ETF closes at or above its initial value on any annual determination date.
If the worst performing ETF ends at or above its 60% downside threshold, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% that the worst performing ETF declines from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Review notes
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| Underlying ETFs: | Health Care Select Sector SPDR Fund and Industrial Select Sector SPDR Fund
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| Amount: | $1,488,000
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| Maturity: | Feb. 3, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing ETF finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing ETF declines from initial level
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| Call: | Automatically at par plus a premium of 12.25% per year if the worst performing ETF closes at or above its initial value on any annual determination date
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| Initial levels: | $133.36 for Health Care Select Sector SPDR Fund, $101.85 for Industrial Select Sector SPDR Fund
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| Downside thresholds: | $80.016 for Health Care Select Sector SPDR Fund, $61.11 for Industrial Select Sector SPDR Fund, 60% of initial level
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48133TUX1
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