By William Gullotti
Buffalo, N.Y., Aug. 23 – JPMorgan Chase Financial Co. LLC priced $100,000 of 0% review notes due Aug. 1, 2025 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 30.5% per year if the index closes at or above its initial level on any annual valuation date.
If the index finishes below its initial level but at or above the 60% barrier level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the index from 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: | Review notes
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| Underlying index: | MerQube US Large-Cap Vol Advantage index
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| Amount: | $100,000
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| Maturity: | Aug. 1, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above barrier level, par; otherwise, investors will be fully exposed to the index’s decline from initial level
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| Call: | Automatically at par plus call premium of 30.5% per year if index closes at or above its initial level on any annual valuation date
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| Initial level: | 2,726.72
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| Barrier level: | 1,636.032; 60% of initial level
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| Pricing date: | July 29
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| Settlement date: | Aug. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48133LBH4
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