By Wendy Van Sickle
Columbus, Ohio, April 18 – JPMorgan Chase Financial Co. LLC priced $16.32 million of 0% trigger autocallable gears due April 15, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above its initial level on April 21, 2025, the notes will be automatically called at par plus 10%.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 1.978 times the index gain.
If the index declines but finishes at or above its 75% downside threshold level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index’s final level is below its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger autocallable gears
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| Underlying index: | Russell 2000 index
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| Amount: | $16,316,270
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| Maturity: | April 15, 2027
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index gains, par plus 1.978 times the gain; par if index falls by 25% or less; full exposure to losses if index finishes below downside threshold level
|
| Call: | At par plus 10% if the index closes at or above its initial level on April 21, 2025
|
| Initial level: | 2,003.174
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| Downside threshold: | 1,502.381; 75% of initial level
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| Pricing date: | April 12
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| Settlement date: | April 17
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| Underwriter: | J.P. Morgan Securities LLC
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| Selling agent: | UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 48131F768
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