By Wendy Van Sickle
Columbus, Ohio, Oct. 31 – JPMorgan Chase Financial Co. LLC priced $268,000 of 0% notes due Oct. 27, 2026 linked to the S&P Economic Cycle Factor Rotator index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 215% of the index return, subject to a minimum payout of par.
The index tracks the return of a notional dynamic portfolio consisting of (a) one of four excess price return U.S. equity indexes and (b) the S&P 5-Year U.S. Treasury Note Futures Excess Return index while seeking to maintain an annualized realized volatility of about 6%.
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.
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| Issue: | Notes
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| Underlying index: | S&P Economic Cycle Factor Rotator index
|
| Amount: | $268,000
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| Maturity: | Oct. 27, 20256
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | Par plus 215% of index return, subject to minimum payout of par
|
| Initial level: | 390.687
|
| Pricing date: | Oct. 28
|
| Settlement date: | Oct. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.26539%
|
| Cusip: | 48132FSA5
|
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