By Wendy Van Sickle
Columbus, Ohio, July 15 – JPMorgan Chase Financial Co. LLC priced $15 million of 0% capped buffer in-gears due Feb. 22, 2028 linked to the Russell 2000 index, according to a 424B15 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is greater than or equal to 148.00082% of its initial level, the payout at maturity will be 88.4%.
If the index return is greater than or equal to 120% of its initial level and less than 148.00082% of its initial level, the payout will be par plus 1.4751 times the difference between the index return and 120%.
If the index return is less than 120% of its initial level but greater than 92% of its initial level, investors will receive 1.7 times the difference between the index return and 92%.
If the index return is between 72% and 92% of its initial level, investors will lose 1.4% for each 1% the index return is below 92% of its initial level. If the index return is less than 72% of its initial level, investors will be fully exposed to the loss.
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 buffer in-gears
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| Underlying index: | Russell 2000 index
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| Amount: | $15 million
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| Maturity: | Feb. 22, 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 return is greater than or equal to 148.00082% of its initial level, par plus 88.4%; if the index return is greater than or equal to 120% of its initial level and less than 148.00082% of its initial level, par plus 1.4751 times the difference between the index return and 120%; if return is between 92% and 120% of initial level, 1.7 times the difference between the index return and 92%; if return is between 72% and 92% of initial level, 1.4% loss for each 1% loss beyond 92%; otherwise, 1% loss for every 1% decline
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| Initial index levels: | Average of closing levels on each day from July 11 to and including Aug. 3
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| Final index levels: | Average of closing levels on each day from Nov. 17, 2027 through Feb. 16, 2028
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| Pricing date: | July 12
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| Settlement date: | July 15
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| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
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| Fees: | 2.5%
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| Cusip: | 48133E272
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