Chicago, Dec. 4 – JPMorgan Chase Financial Co. LLC priced $5.13 million of 0% barrier absolute return market-linked notes with daily barrier observation due Nov. 29, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
A barrier event will occur if the index closes above the upper barrier, 118% of the initial level, or below the lower barrier, 82% of the initial level, on any trading day during the life of the notes.
If a barrier event occurs, the payout at maturity will be par plus 1%.
If no barrier event occurs, investors will receive par plus the absolute value of the index return.
UBS Financial Services Inc. and J.P. Morgan are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Barrier absolute return market-linked notes with daily barrier observation
|
| Underlying index: | Russell 2000 index
|
| Amount: | $5,125,000
|
| Maturity: | Nov. 29, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index closes above the upper barrier or below the lower barrier on any trading day during the life of the notes (a barrier event), par plus 1%; if index does not close above the upper barrier or below the lower barrier during the life of the notes, par plus the absolute value of the index return
|
| Initial level: | 1,792.808
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| Upper barrier: | 2,115.513; 118% of initial level
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| Lower barrier: | 1,470.103; 82% of initial level
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| Pricing date: | Nov. 28
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| Settlement date: | Nov. 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan
|
| Fees: | 1.25%
|
| Cusip: | 48134RTK4
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