Chicago, Feb. 29 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% autocallable accelerated barrier notes due Feb. 25, 2027 linked to the lesser performing of the Invesco QQQ Trust, Series 1 and SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on Feb. 28, 2025 at a premium of 14% if the worst performing ETF closes above its initial value.
If the worst performing ETF gains the payout will be par plus 185% of the worst performing ETF return. Investors will receive par if the worst performing ETF declines but ends at or above its 80% barrier and they will lose 1% for every 1% that the worst performing ETF declines if it finishes below the barrier 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: | Autocallable accelerated barrier notes
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| Underlying ETFs: | Invesco QQQ Trust, Series 1 and SPDR S&P 500 ETF Trust
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| Amount: | $1 million
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| Maturity: | Feb. 25, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing ETF finishes at or above its initial value, par plus 185% of worst performing ETF return; if worst performing ETF declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing ETF declines if it finishes below its downside threshold level
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| Call: | Automatically on Feb. 28, 2025 at a premium of 14% if the worst performing ETF closes above its initial value
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| Initial level: | $425.61 for QQQ, $497.21 for S&P ETF
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| Downside threshold: | $340.488 for QQQ, $397.768 for S&P ETF, 80% of initial levels
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| Upside leverage: | 185%
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| Pricing date: | Feb. 21
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| Settlement date: | Feb. 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.85%
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| Cusip: | 48134WB22
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