By Wendy Van Sickle
Columbus, Ohio, Jan. 5 – JPMorgan Chase Financial Co. LLC priced $34.28 million of 0% autocallable notes due Jan. 6, 2025 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus a 9.7% call premium if the index closes at or above its initial level on Dec. 29, 2023.
If the notes are not called and the index finishes flat or gains, the payout at maturity will be par plus the index gain.
Investors will be fully exposed to any index decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $34,278,000
|
| Maturity: | Jan. 6, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus the index gain; otherwise, full exposure to the decline of the index from its initial level
|
| Call: | At par plus a 9.7% call premium if index closes at or above initial level on Dec. 29, 2023
|
| Initial level: | 3,958.79
|
| Pricing date: | Nov. 16
|
| Settlement date: | Nov. 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.1252%
|
| Cusip: | 48133PSB0
|
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