By William Gullotti
Buffalo, N.Y., Dec. 14 – JPMorgan Chase Financial Co. LLC priced $4.72 million of 0% autocallable buffered equity notes due Oct. 29, 2024 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 12.25% call premium if the index closes at or above its 90% buffer level on Nov. 2, 2023.
If the index finishes at or above buffer level, the payout at maturity will be the greater of par plus the index return and the 24.5% maturity date premium.
Otherwise, investors will lose 1.1111% for each 1% decline of the index beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable buffered equity notes
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| Underlying index: | S&P 500 index
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| Amount: | $4.72 million
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| Maturity: | Oct. 29, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index finishes at or above buffer level, the greater of par plus the index return and par plus 24.5%; otherwise, 1.1111% loss for each 1% decline of index beyond 10%
|
| Call: | At par plus 12.25% if the index closes at or above its buffer level on Nov. 2, 2023
|
| Initial level: | 3,859.11
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| Buffer level: | 90% of initial level
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| Pricing date: | Oct. 25
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| Settlement date: | Nov. 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48133NT24
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