By William Gullotti
Buffalo, N.Y., April 25 – JPMorgan Chase Financial Co. LLC priced $4 million of 0% autocallable return enhanced notes due April 17, 2029 linked to the iShares China Large-Cap ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 20% if the ETF closes at or above its initial level on April 21, 2025.
If the ETF finishes at or above its initial level, the payout at maturity will be par plus 200% of the gain of the ETF.
Investors will be fully exposed to any ETF decline.
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: | Autocallable return enhanced notes
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| Underlying fund: | iShares China Large-Cap ETF
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| Amount: | $4 million
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| Maturity: | April 17, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above initial level, par plus 200% of the gain; otherwise, 1% loss for each 1% decline from initial level
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| Call: | Automatically at par plus 20% if ETF closes at or above initial level on April 21, 2025
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| Initial level: | $23.84
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| Pricing date: | April 12
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| Settlement date: | April 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.85%
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| Cusip: | 48134XRC1
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