By Sarah Lizee
Olympia, Wash., Feb. 18 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% capped buffer in-gears due Jan. 6, 2026 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the least performing index return is equal to or greater than 148% of its initial level, the payout at maturity will be 95.3%.
If the least performing index return is equal to or greater than 118% of its initial level and less than 147% of its initial level, the payout will be par plus 2.2 times the difference between the least performing index return and 118%, plus 29.3%.
If the least performing index return is equal to or greater than the downside threshold of 88% of its initial level and less than 118% of its initial level, at the payout will be par plus 0.976666 times the difference between the least performing index return and 88%.
If the least performing index return is less than the downside threshold, investors will lose 1% for every 1% decline beyond 12%.
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 indexes: | S&P 500 and Russell 2000
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| Amount: | $2 million
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| Maturity: | Jan. 6, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the least performing index return is equal to or greater than 148% of its initial level, par plus 95.3%; if the least performing index return is equal to or greater than 118% of its initial level and less than 148% of its initial level, par plus 2.2 times the difference between the least performing index return and 118%, plus 29.3%; if the least performing index return is equal to or greater than the downside threshold and less than 118% of its initial level, par plus 0.976666 times the difference between the least performing index return and 88%; if the least performing index return is less than the downside threshold, 1% loss for every 1% decline beyond buffer
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| Initial index levels: | Average of closing levels on each day from Feb. 5 to and including May 5
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| Downside threshold: | 88% of initial levels
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 11
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| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
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| Fees: | 0.75%
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| Cusip: | 48132J322
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