By William Gullotti
Buffalo, N.Y., July 6 – JPMorgan Chase Financial Co. LLC priced $2.25 million of 0% market-linked securities – autocallable with fixed percentage buffered downside due July 6, 2026 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus a 16.7% annualized call premium if the ETF closes at or above its initial level on any annual valuation date.
If the notes are not called at maturity, investors will receive par if the ETF declines by no more than 10% and will lose 1% for every 1% decline of the ETF beyond 10%.
J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Market-linked securities – autocallable with fixed percentage buffered downside
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| Underlying ETF: | VanEck Vectors Gold Miners ETF
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| Amount: | $2.25 million
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| Maturity: | July 6, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the ETF finishes at or above threshold level, par; otherwise, 1% loss for each 1% decline of ETF beyond 10%
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| Call: | Automatically at par plus 16.7% annualized call premium if the ETF closes at or above initial level on any annual valuation date
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| Initial level: | $29.62
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| Threshold level: | $26.658; 90% of initial level
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| Pricing date: | June 29
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| Settlement date: | July 5
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| Agents: | J.P. Morgan Securities LLC and Wells Fargo Securities, LLC
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| Fees: | 2.575%
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| Cusip: | 48133XCH7
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