New York, March 21 – JPMorgan Chase Financial Co. LLC priced $4.95 million of 0% uncapped accelerated barrier notes due March 18, 2027 linked to the SPDR Dow Jones industrial average ETF Trust and the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF gains, the payout at maturity will be par plus 148.4% of the return of that ETF.
The payout will be par if the worst performing ETF declines but finishes at or above its 70% barrier. Otherwise, investors will lose 1% for every 1% that the worst performing ETF declines from its 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: | Uncapped accelerated barrier notes
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| Underlying ETFs: | SPDR Dow Jones industrial average ETF Trust and SPDR S&P 500 ETF Trust
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| Amount: | $4.95 million
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| Maturity: | March 18, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing ETF gains, par plus 148.4% of that ETF return; par if worst performing ETF declines but finishes at or above its downside barrier; otherwise, 1% loss for every 1% that worst performing ETF declines from initial level
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| Initial levels: | $319.54 for SPDR Dow Jones industrial average, $389.28 for SPDR S&P 500
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| Upside leverage: | 148.4%
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| Barriers: | $223.678 for SPDR Dow Jones industrial average, $272.496 for SPDR S&P 500, 70% of initial level
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| Pricing date: | March 15
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| Settlement date: | March 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48133UUM2
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