New York, Dec. 28 – JPMorgan Chase Financial Co. LLC priced $6.15 million of 0% contingent digital buffered notes due Jan. 8, 2025 linked to the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes at or above 80% of initial level, the payout at maturity will be par plus 7.81%.
Otherwise, investors will lose 1.25% for every 1% decline beyond 20%.
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: | Contingent digital buffered notes
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| Underlying ETF: | Invesco QQQ Trust, Series 1
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| Amount: | $6,148,000
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| Maturity: | Jan. 8, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above 80% of initial level, par plus 7.81%; otherwise, lose 1.25% for every 1% decline beyond 20%
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| Initial level: | $407.77
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| Digital payment: | 7.81%
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| Buffer: | 20%
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| Downside leverage: | 125%
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48134RUF3
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