By Wendy Van Sickle
Columbus, Ohio, Oct. 10 – JPMorgan Chase Financial Co. LLC priced $3.18 million of 0% market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside due Oct. 5, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus a 12.5% call premium if the index closes at or above its initial level on Sept. 5, 2024.
The payout at maturity will be par plus 150% of any index gain.
If the index falls by up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
The notes are guaranteed by JPMorgan Chase & Co.
Wells Fargo Securities LLC and J.P. Morgan Securities LLC are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside
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Underlying index: | Euro Stoxx 50 index
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Amount: | $3,177,000
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Maturity: | Oct. 5, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain; if index falls by up to 15%, par; otherwise, 1% loss for every 1% decline beyond 15%
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Call: | Automatically at par plus a 12.5% call premium if the index closes at or above initial level on Sept. 5, 2024
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Initial level: | 4,161.56
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Threshold level: | 3,537.326; 85% of initial level
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Pricing date: | Sept. 28
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Settlement date: | Oct. 3
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Agents: | Wells Fargo Securities, LLC and J.P. Morgan Securities LLC
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Fees: | 2.575%
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Cusip: | 48134ACZ6
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