New York, June 23 – JPMorgan Chase Financial Co. LLC priced $1.31 million of 0% autocallable dual directional buffered return enhanced notes due June 22, 2026 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at a premium of 15% if the worst performing index closes at or above of its initial value on June 24, 2024.
If the worst performing index gains, the payout will be par plus 145% of that index’s return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines by no more than 15%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 15%.
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: | Autocallable dual directional buffered return enhanced notes
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Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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Amount: | $1,314,000
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Maturity: | June 22, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains, par plus 145% of that index’s return; par plus absolute value of worst performing index return if worst performing index declines by no more than 15%; otherwise, 1% loss for every 1% that worst performing index declines beyond 15%
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Call: | Automatically at a premium of 15% if the worst performing index closes at or above its initial value on June 24, 2024
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Initial levels: | 34,299.12 for Dow Jones industrial average, 1,875.467 for Russell 2000, 4,409.59 for S&P 500
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Upside leverage: | 145%
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Buffer: | 15%
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Pricing date: | June 16
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Settlement date: | June 22
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48133XRR9
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