New York, Sept. 20 – JPMorgan Chase Financial Co. LLC priced $1.38 million of 0% autocallable buffered return enhanced notes due Sept. 18, 2025 linked to the S&P 500 Equal Weight index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus 150% of the index return. Investors will receive par if the index declines but ends at or above its 10% buffer and they will lose 1% for every 1% that the index declines beyond the buffer.
The notes will be called automatically on Sept. 20, 2024 at a premium of 10.25% if the index closes above 100% of its initial value.
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: | Autocallable buffered return enhanced notes
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Underlying index: | S&P 500 Equal Weight index
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Amount: | $1,379,000
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Maturity: | Sept. 18, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains par plus 150% of index return; par if index declines but by no more than 10% buffer; 1% loss for every 1% that index declines beyond the buffer
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Initial level: | 6,023.84
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Upside leverage: | 150%
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Buffer: | 10%
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Call: | Automatically on Sept. 20, 2024 at a premium of 10.25% if the index closes above 100% of its initial value
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Pricing date: | Sept. 14
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Settlement date: | Sept. 19
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.75%
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Cusip: | 48134AWK7
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