New York, June 10 – JPMorgan Chase Financial Co. LLC priced $1.43 million of 0% review notes due June 10, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus an 8.05% annualized call premium if the index closes at or above its initial level on any semiannual review date after one year.
If the notes have not been called and the index finishes at or above its 70% downside threshold, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% that the index declines from 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 index: | Russell 2000 index
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| Amount: | $1,425,000
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| Maturity: | June 10, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that index declines from initial level
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| Call: | Automatically at par plus an 8.05% annualized call premium if the index closes at or above its initial level on any semiannual review date after one year
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| Initial level: | 1,889.885
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| Downside threshold: | 1,322.9195, 70% of initial level
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| Pricing date: | June 6
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| Settlement date: | June 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.125%
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| Cusip: | 48133GUA9
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