JPMorgan Chase Financial Company is offering Auto Callable Contingent Interest Notes linked to the lesser performing stocks of Applied Materials and Costco Wholesale, due July 13, 2028. Key features include:
- Notes offer contingent interest payments of at least 10.10% per annum (2.525% quarterly) if both stocks close above 50% of their initial values on review dates
- Automatic call feature triggers if both stocks close at or above initial values on any review date before maturity
- Principal protection if both stocks remain above 50% of initial value at maturity
- Risk of principal loss if either stock falls below 50% of initial value at maturity
- Notes priced around $971.60 per $1,000 principal amount
The notes are unsecured obligations of JPMorgan Chase Financial Company, guaranteed by JPMorgan Chase & Co. Key risks include potential loss of principal, credit risk of the issuer, and no guaranteed interest payments. The offering is expected to price on July 10, 2025 with settlement on July 15, 2025.
JPMorgan Chase Financial Company is offering 5-year Uncapped Accelerated Barrier Notes linked to the S&P 500 Futures Excess Return Index, guaranteed by JPMorgan Chase & Co. Key terms include:
- Minimum denomination: $1,000
- Maturity Date: June 28, 2030
- Upside Leverage Factor: At least 1.71x
- Barrier Amount: 70% of Initial Value
The notes offer enhanced upside participation if the Final Value exceeds Initial Value, with investors receiving principal plus leveraged index returns. If Final Value falls between Barrier Amount and Initial Value, investors receive principal back. However, if Final Value falls below Barrier Amount, investors face significant downside risk and could lose over 30% of principal.
Key risks include potential principal loss, credit risk of issuers, no interest payments, and market risks associated with futures contracts. The estimated value will be at least $900 per $1,000 principal amount.