New York, Jan. 12 – JPMorgan Chase Financial Co. LLC priced $5.25 million of 0% enhanced buffered jump securities due June 27, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or ends above the 90% downside threshold the payout at maturity will be par plus the greater of the index return and 18.9%.
Investors will lose 1% for every 1% that the index declines beyond the 10% buffer amount.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management will act as distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Enhanced buffered jump securities
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| Underlying index: | Russell 2000 index
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| Amount: | $5.25 million
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| Maturity: | June 27, 2024
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index finishes at or above downside threshold level, par plus greater of the index return and 18.9%; 1% loss for every 1% that index declines beyond the buffer amount
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| Initial level: | 1,754.086
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| Upside payment: | 18.9%
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| Downside threshold: | 1,578.677, 90% of initial level
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| Buffer: | 10%
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| Pricing date: | Dec. 22
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| Settlement date: | Dec. 28
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| Agent: | J.P. Morgan Securities LLC
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| Distributor: | Morgan Stanley Wealth Management
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| Fees: | 1.875% including a structuring fee of 0.375%
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| Cusip: | 48133K724
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