JPMorgan Chase Financial Company LLC priced $3,022,000 of auto-callable contingent-interest notes linked to the MerQube US Tech+ Vol Advantage Index, with a 12.25% annual contingent rate. Investors receive payments only when the index meets its barrier, while the notes carry risks tied to index performance, principal loss and secondary-market value.

Key Highlights

  • Each $1,000 note can pay $30.625 when the index satisfies the required review-date condition.
  • The earliest possible automatic call date is March 22, 2027.
  • The total offering amount is $3,022,000.

JPMORGAN CHASE & CO is a Banks - Diversified company. The notes are due September 25, 2031.

$3.022M Note Structure and Payment Terms

The notes carry a $1,000 principal amount per note and pay $30.625 for each such amount when the payment condition is met. That equates to a 12.25% annual contingent interest rate, paid at a quarterly rate of 3.0625%. The index must close at or above 60.00% of its initial value for a payment to be made on a review date. If the index falls below that barrier, the relevant contingent payment is not made.

Estimated Value Below Original Issue Price

The notes were priced at $1,000 per note, including selling commissions of $42.75 per $1,000. The total selling commissions were $129,190.50, leaving $2,892,809.50 to the issuer from the $3,022,000 offering. The estimated value when the terms were set was $910.30 per $1,000 note. The original issue price exceeds that estimate because it includes selling, structuring and hedging-related costs. JPMorgan Securities LLC will pay the selling commissions to affiliated or unaffiliated dealers.