JPMorgan Chase Issues Callable Contingent Interest Notes with Up to $25.00 Potential Payments
JPMorgan Chase Financial Company LLC has issued Callable Contingent Interest Notes linked to the least performing of three major financial indices: the State Street Financial Select Sector SPDR ETF, the State Street SPDR S&P Regional Banking ETF, and the S&P 500 Index. The notes have a principal amount of $114,000 and are priced at $1,000 per note. Investors can expect a Contingent Interest Payment of up to $25.00 if the closing value of each underlying index is greater than or equal to its initial value on any review date.
The notes may be redeemed early by JPMorgan Chase Financial Company LLC in whole but not in part, at their option, on any interest payment date (other than the first and final interest payment dates). The earliest possible early redemption date is March 16, 2027. Investors are advised to be aware of the risk of losing a significant portion or all of their principal and the possibility that no Contingent Interest Payment may be made with respect to some or all review dates.
The notes are unsecured obligations of JPMorgan Chase Financial Company LLC, which is fully and unconditionally guaranteed by JPMorgan Chase & Co. Payments on the notes are not linked to a basket composed of the underlying indices but rather to the performance of each index individually. Minimum denominations for the notes are $1,000 and integral multiples thereof.