By Wendy Van Sickle
Columbus, Ohio, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $1.39 million of 0% autocallable buffered return enhanced notes due Feb. 20, 2026 linked to a basket of the Russell 2000 index (50% weight) and the S&P MidCap 400 index (50% weight), according to a 424B2 filing with the Securities and Exchange Commission.
If the basket gains, the payout will be par plus 125% of the basket return. Investors will receive par if the basket declines but ends at or above its 15% buffer and they will lose 1.1765% for every 1% that the basket declines beyond the buffer.
The notes will be called automatically on Feb. 24, 2025 at a premium of 10.5% if the basket closes at or above 100% of its initial value.
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 basket: | S&P MidCap 400 index (50% weight), Russell 2000 index (50% weight)
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| Amount: | $1.39 million
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| Maturity: | Feb. 20, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket gains, par plus 125% of basket return; par if basket declines but by no more than 15% buffer; 1.1765% loss for every 1% that basket declines beyond the buffer
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| Initial level: | 2,854.81 for S&P and 2,061.478 for Russell
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| Upside leverage: | 125%
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| Buffer: | 15%
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| Call: | Automatically on Feb. 24, 2025 at a premium of 10.5% if the basket closes at or above 100% of its initial value
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| Pricing date: | Feb. 15
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| Settlement date: | Feb. 21
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.75%
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| Cusip: | 48134WFL6
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