Chicago, Sept. 14 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% bearish enhanced absolute return market-linked notes due Dec. 20, 2024 based on the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout will be par.
If the index declines by up to 40%, the payout will be par plus 1.885 times the absolute value of the index return.
Otherwise, investors will receive par.
J.P. Morgan Securities LLC is the agent. Simon Markets LLC is named as a dealer.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Bearish enhanced absolute return market-linked notes
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $1 million
|
| Maturity: | Dec. 20, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par; if the final level is less than the initial level by up to 40%, par plus 1.885 times the absolute value of the index return; if the final index level declines by more than 40%, par
|
| Initial level: | 15,280.23
|
| Barrier level: | 60% of initial level
|
| Principal protection: | 100%
|
| Pricing date: | Sept. 8
|
| Settlement date: | Sept. 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Dealer: | Simon Markets LLC
|
| Fees: | 1.33%
|
| Cusip: | 48134ADM4
|
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