New York, Oct. 26 – JPMorgan Chase Financial Co. LLC priced $1.33 million of 0% autocallable buffered return enhanced notes due Oct. 23, 2026 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on Oct. 29, 2024 at a premium of 15.75% if the worst performing index closes at or above its initial value.
If the worst performing index gains, the payout at maturity will be par plus 125% of that index’s return.
Investors will receive par if the worst performing index declines by no more than 20% and will lose 1% for every 1% that the worst performing index declines 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: | Autocallable buffered return enhanced notes
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $1,333,000
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| Maturity: | Oct. 23, 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 125% of that index’s return; par if worst performing index declines by no more than 20%; otherwise, 1% loss for every 1% that worst performing index declines beyond 20%
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| Call: | Automatically on Oct. 29, 2024 at a premium of 15.75% if the worst performing index closes at or above its initial value
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| Initial levels: | 1,680.792 for Russell 2000, 4,224.16 for S&P 500
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| Upside leverage: | 125%
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| Buffer: | 20%
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| Pricing date: | Oct. 20
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| Settlement date: | Oct. 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48134BNK5
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