JPMorgan Chase Financial Company LLC is offering $497,000 of structured notes linked to the MerQube US Tech+ Vol Advantage Index, with a 6.0% annual deduction and early-call terms. Investors face the potential loss of up to 85.00% of principal at Maturity and receive no interest or Dividend payments.

Key Highlights

  • The linked index carries a daily deduction equal to 6.0% per annum.
  • The notes are due August 27, 2029, with an earliest possible automatic call date of March 22, 2027.
  • Investors may lose up to 85.00% of principal at maturity and forgo interest and dividend payments.

Note Terms Run Through August 27, 2029

JPMorgan Chase & Co. is a Banks - Diversified company. The notes mature on August 27, 2029, and use a call value set at 95.00% of the initial value. Their buffer amount is 15.00%, while the first possible automatic call date falls in 2027. The instrument does not pay interest or dividends. The index calculation also includes a daily 6.0% per annum deduction, and the QQQ Fund’s performance includes a notional financing cost.

Pricing Includes Commissions and Valuation Gap

The price to the public is $1,000 per note, with $31.50 per $1,000 paid as selling commissions and $968.50 per note recorded as proceeds to the issuer. Across the offering, the corresponding figures are $497,000, $15,655.50 and $481,344.50. The estimated value was $926.20 per $1,000 when the terms were established. The stated original issue price exceeds that estimate because it includes selling commissions, projected hedging profits, estimated hedging costs and certain other expenses described in the terms.